Tocqueville Asset Management L.P. Increases Stock Holdings in Weyerhaeuser Company $WY

Key Points

• Tocqueville Asset Management L.P. has increased its stake in Weyerhaeuser Company by 5.8%, owning approximately 1.5 million shares valued at $44.3 million as of the end of the most recent quarter.
• Weyerhaeuser recently announced a quarterly dividend of $0.21 per share, with a payout ratio of 221.05%.
• The company reports a net margin of 3.97% and a return on equity of 2.95%, while its revenue was down 2.8% year-over-year.

Tocqueville Asset Management L.P. lifted its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,514,267 shares of the real estate investment trust's stock after buying an additional 83,678 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.21% of Weyerhaeuser worth $44,338,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. South Plains Financial Inc. acquired a new position in Weyerhaeuser in the 4th quarter valued at $25,000. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser in the 4th quarter valued at $27,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $31,000. Finally, Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $32,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director directly owned 21,478 shares of the company's stock, valued at $543,178.62. The trade was a 22.89% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WY shares. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. Truist Financial cut their target price on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. JPMorgan Chase & Co. cut their target price on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. CIBC cut their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. Finally, DA Davidson cut their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.88.

Weyerhaeuser Trading Down 0.5%

WY traded down $0.14 on Monday, hitting $25.70. The company had a trading volume of 3,207,103 shares, compared to its average volume of 4,567,823. The firm has a market cap of $18.54 billion, a P/E ratio of 67.63, a PEG ratio of 74.87 and a beta of 1.08. Weyerhaeuser Company has a 1 year low of $24.10 and a 1 year high of $34.03. The company's fifty day moving average price is $26.02 and its 200 day moving average price is $27.14. 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 quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser declared that its Board of Directors has approved a share repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Weyerhaeuser 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.