Weyerhaeuser Company $WY Shares Acquired by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale has increased its stake in Weyerhaeuser Company by 4.6% during the second quarter, owning approximately 520,308 shares valued at around $13.4 million.
• Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser on August 11th, increasing her ownership by 22.89%.
• Weyerhaeuser's stock recently reported earnings of $0.12 EPS, surpassing analysts' expectations, despite quarterly revenue declining by 2.8% from last year.

DekaBank Deutsche Girozentrale increased its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 520,308 shares of the real estate investment trust's stock after buying an additional 23,054 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.07% of Weyerhaeuser worth $13,437,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WY. GKV Capital Management Co. Inc. purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $31,000. Costello Asset Management INC purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $32,000. Marshall Investment Management LLC purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $36,000. Finally, Private Wealth Asset Management LLC raised its position in shares of Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 807 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the business's stock in a transaction dated Monday, August 11th. The shares were acquired 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 of the company's stock, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Weyerhaeuser Stock Up 0.8%

Shares of NYSE WY opened at $23.81 on Friday. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 62.66, a PEG ratio of 248.35 and a beta of 1.05. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 52-week low of $23.23 and a 52-week high of $32.70. The business's 50 day moving average is $24.93 and its two-hundred day moving average is $25.60.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion for 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 firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser's dividend payout ratio is currently 221.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. DA Davidson reaffirmed a "buy" rating and set a $35.00 price target on shares of Weyerhaeuser in a research report on Monday, September 29th. JPMorgan Chase & Co. cut their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Truist Financial cut their target price on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday, October 13th. Finally, CIBC cut their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $32.63.

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.

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