Weyerhaeuser Company $WY Shares Bought by Bfsg LLC

Key Points

• Bfsg LLC increased its stake in Weyerhaeuser by 44% to 274,190 shares (worth $6.50M), as institutional ownership stands at about 82.99% with other large increases from firms like Allianz, Citigroup and Principal.
• Weyerhaeuser beat Q4 EPS estimates (‑$0.09 vs. ‑$0.13) while revenue fell 9.8% year-over-year to $1.54B, and it pays a $0.21 quarterly dividend (3.4% yield) despite a high payout ratio of 190.91%.
• Two directors bought shares (James O'Rourke 4,000 at ~$25.35; Richard Beckwitt 20,000 at ~$25.70), while analysts have an average rating of "Hold" with a consensus price target of $28.88.

Bfsg LLC grew its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 44.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,190 shares of the real estate investment trust's stock after acquiring an additional 83,806 shares during the period. Bfsg LLC's holdings in Weyerhaeuser were worth $6,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its position in shares of Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust's stock valued at $46,636,000 after acquiring an additional 405,575 shares during the period. Citigroup Inc. lifted its position in shares of Weyerhaeuser by 68.5% during the 3rd quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust's stock valued at $40,836,000 after acquiring an additional 669,451 shares during the period. Nordea Investment Management AB lifted its position in shares of Weyerhaeuser by 2.0% during the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust's stock valued at $57,278,000 after acquiring an additional 46,207 shares during the period. Principal Financial Group Inc. increased its stake in shares of Weyerhaeuser by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust's stock worth $91,128,000 after purchasing an additional 97,769 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $1,154,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.3%

Shares of WY opened at $24.83 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $24.86 and a 200-day simple moving average of $24.17. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 56.44, a price-to-earnings-growth ratio of 2.73 and a beta of 0.98.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.Weyerhaeuser's revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. Equities analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.21 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser's payout ratio is 190.91%.

Analysts Set New Price Targets

WY has been the subject of a number of recent research reports. Truist Financial raised their price objective on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a "hold" rating in a research note on Monday, February 2nd. DA Davidson reissued a "buy" rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, March 31st. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Weiss Ratings raised shares of Weyerhaeuser from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, February 10th. Finally, New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a research note on Friday, December 12th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $28.88.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O'rourke purchased 4,000 shares of the business's stock in a transaction on Friday, February 20th. The stock was bought at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the acquisition, the director owned 28,661 shares of the company's stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard Beckwitt purchased 20,000 shares of the business's stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the acquisition, the director directly owned 24,066 shares in the company, valued at $618,496.20. The trade was a 491.88% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.27% of the company's stock.

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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