WealthPLAN Partners LLC Invests $50,000 in Weyerhaeuser (NYSE:WY)

Posted by on Aug 21st, 2023

WealthPLAN Partners LLC purchased a new stake in Weyerhaeuser (NYSE:WY – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,644 shares of the real estate investment trust’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Simplicity Solutions LLC grew its holdings in Weyerhaeuser by 93.2% during the 4th quarter. Simplicity Solutions LLC now owns 15,901 shares of the real estate investment trust’s stock worth $493,000 after acquiring an additional 7,670 shares during the period. Versor Investments LP bought a new stake in Weyerhaeuser in the first quarter valued at about $669,000. Robeco Institutional Asset Management B.V. lifted its stake in Weyerhaeuser by 1.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,430,774 shares of the real estate investment trust’s stock valued at $43,109,000 after buying an additional 13,540 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Weyerhaeuser by 5.0% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 250,781 shares of the real estate investment trust’s stock worth $7,553,000 after buying an additional 11,908 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in Weyerhaeuser by 5,476.7% during the first quarter. North Star Investment Management Corp. now owns 1,673 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,643 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $32.30 on Monday. The firm has a market cap of $23.60 billion, a PE ratio of 33.65 and a beta of 1.52. Weyerhaeuser has a 12 month low of $27.36 and a 12 month high of $36.67. The company’s fifty day simple moving average is $32.91 and its 200-day simple moving average is $31.27. The company has a quick ratio of 1.42, a current ratio of 1.74 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.11. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $2.01 billion. Weyerhaeuser had a net margin of 8.80% and a return on equity of 8.32%. The company’s quarterly revenue was down 36.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 EPS. Equities research analysts expect that Weyerhaeuser will post 1.12 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Thursday, August 31st. Weyerhaeuser’s payout ratio is presently 79.17%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WY. SpectralCast reiterated a “maintains” rating on shares of Weyerhaeuser in a research report on Wednesday, June 28th. Truist Financial upped their target price on shares of Weyerhaeuser from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 price target on shares of Weyerhaeuser in a report on Monday, July 31st. StockNews.com started coverage on Weyerhaeuser in a research note on Thursday. They issued a “hold” rating for the company. Finally, DA Davidson lifted their price objective on Weyerhaeuser from $35.00 to $40.00 in a report on Friday, July 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.29.

Read Our Latest Stock Report on WY

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, SVP Denise M. Merle sold 5,719 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $28.54, for a total transaction of $163,220.26. Following the sale, the senior vice president now directly owns 154,788 shares of the company’s stock, valued at $4,417,649.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WY – Free Report).

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.