Weyerhaeuser Company $WY Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Weyerhaeuser Company by 428.4% in Q1, owning 64,663 shares worth approximately $1.89 million.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, with a dividend yield of 3.3%, and a payout ratio of 221.05%.
• Analyst ratings for Weyerhaeuser vary, with a consensus rating of "Moderate Buy" and a target price of $32.88.

Quantbot Technologies LP grew its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 428.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,663 shares of the real estate investment trust's stock after buying an additional 52,425 shares during the quarter. Quantbot Technologies LP's holdings in Weyerhaeuser were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. South Plains Financial Inc. acquired a new stake in Weyerhaeuser in the fourth quarter worth $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter worth about $27,000. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser during the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser in the 1st quarter worth about $31,000. Finally, Costello Asset Management INC acquired a new stake in Weyerhaeuser in the 1st quarter worth about $32,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.00 during trading on Wednesday, reaching $26.17. The company had a trading volume of 551,033 shares, compared to its average volume of 4,067,331. The stock has a market capitalization of $18.88 billion, a PE ratio of 68.91, a price-to-earnings-growth ratio of 81.16 and a beta of 1.08. The stock has a 50-day moving average price of $25.94 and a two-hundred day moving average price of $26.99. Weyerhaeuser Company has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser announced that its board has initiated a share repurchase plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, August 29th. Weyerhaeuser's payout ratio is 221.05%.

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction on Monday, August 11th. The stock was purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares in the company, valued at approximately $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company's stock.

Analyst Ratings Changes

WY has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Citigroup cut their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Truist Financial lowered their target price on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.