Principal Financial Group Inc. Has $91.21 Million Stock Position in Weyerhaeuser Company $WY

Key Points

• Principal Financial Group increased its stake in Weyerhaeuser by 4.7% to 3,850,138 shares, worth about $91.21 million and representing ~0.53% of the company.
• Two directors made material insider purchases recently: James Calvin O'Rourke bought 4,000 shares at $25.35 and Richard Beckwitt bought 20,000 shares at $25.70, substantially increasing their holdings.
• Weyerhaeuser trades near $24 with an average analyst rating of "Hold" (average target $28.50) and pays a $0.21 quarterly dividend (≈3.5% yield) despite a high payout ratio of 155.56%.

Principal Financial Group Inc. increased its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,850,138 shares of the real estate investment trust's stock after buying an additional 174,144 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Weyerhaeuser worth $91,210,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in WY. Cromwell Holdings LLC grew its position in Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust's stock worth $34,000 after buying an additional 501 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Weyerhaeuser during the fourth quarter worth approximately $39,000. Optiver Holding B.V. acquired a new stake in Weyerhaeuser during the third quarter worth approximately $42,000. Lodestone Wealth Management LLC acquired a new stake in Weyerhaeuser during the fourth quarter worth approximately $44,000. Finally, Hantz Financial Services Inc. grew its position in Weyerhaeuser by 69.7% during the third quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust's stock worth $47,000 after buying an additional 784 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Insider Activity

In other news, Director James Calvin O'rourke bought 4,000 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average cost of $25.35 per share, with a total value of $101,400.00. Following the transaction, the director directly owned 28,661 shares of the company's stock, valued at approximately $726,556.35. This represents a 16.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Beckwitt bought 20,000 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $25.70 per share, with a total value of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares in the company, valued at $618,496.20. This represents a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

WY has been the topic of a number of research analyst reports. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Weiss Ratings raised Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday. Truist Financial reduced their target price on Weyerhaeuser from $29.00 to $28.00 and set a "hold" rating on the stock in a report on Wednesday, April 15th. Finally, Citigroup cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $28.50.

Weyerhaeuser Stock Performance

WY stock opened at $24.07 on Thursday. The stock has a 50-day moving average price of $24.28 and a 200-day moving average price of $24.20. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The firm has a market cap of $17.35 billion, a PE ratio of 44.56, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company posted $0.11 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.28 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser's dividend payout ratio (DPR) is 155.56%.

Weyerhaeuser Company Profile

Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.

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