Weyerhaeuser Company (NYSE:WY) Shares Purchased by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP significantly increased its stake in Weyerhaeuser Company by 294.7% in the first quarter, owning nearly 44,000 shares valued at approximately $1.29 million.
• Weyerhaeuser recently reported $0.12 earnings per share (EPS) for the last quarter, beating estimates but showing a decrease in revenue by 2.8% year-over-year.
• The company has announced a quarterly dividend of $0.21, representing a dividend yield of 3.3%, although the dividend payout ratio stands at a high 221.05%.

Aigen Investment Management LP grew its holdings in Weyerhaeuser Company (NYSE:WY - Free Report) by 294.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,959 shares of the real estate investment trust's stock after acquiring an additional 32,822 shares during the quarter. Aigen Investment Management LP's holdings in Weyerhaeuser were worth $1,287,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Weyerhaeuser by 0.3% in the first quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust's stock worth $3,331,356,000 after purchasing an additional 339,884 shares during the last quarter. Cohen & Steers Inc. raised its stake in shares of Weyerhaeuser by 57.5% in the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after purchasing an additional 14,213,243 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Weyerhaeuser by 3.8% in the first quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock worth $349,368,000 after purchasing an additional 440,163 shares during the last quarter. Northern Trust Corp raised its stake in shares of Weyerhaeuser by 3.5% in the fourth quarter. Northern Trust Corp now owns 9,538,125 shares of the real estate investment trust's stock worth $268,498,000 after purchasing an additional 322,313 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Weyerhaeuser by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,138,010 shares of the real estate investment trust's stock worth $267,561,000 after purchasing an additional 151,929 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

WY stock traded up $0.34 during trading on Tuesday, hitting $25.62. 3,432,351 shares of the company traded hands, compared to its average volume of 4,733,142. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The stock's 50-day simple moving average is $26.07 and its 200 day simple moving average is $27.29. The company has a market cap of $18.49 billion, a PE ratio of 67.42, a P/E/G ratio of 73.25 and a beta of 1.08.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data 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. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company earned $0.21 earnings per share. Weyerhaeuser's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 8th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. CIBC reduced their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Citigroup reduced their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. Finally, Truist Financial reduced their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.

Weyerhaeuser Company Profile

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.