GAMMA Investing LLC Acquires 894 Shares of Weyerhaeuser (NYSE:WY)

GAMMA Investing LLC raised its position in Weyerhaeuser (NYSE:WY) by 9.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,410 shares of the real estate investment trust’s stock after acquiring an additional 894 shares during the quarter. GAMMA Investing LLC’s holdings in Weyerhaeuser were worth $374,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its stake in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in Weyerhaeuser in the fourth quarter valued at $26,000. Lindbrook Capital LLC lifted its stake in Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 427 shares during the last quarter. Northwest Bank & Trust Co acquired a new stake in Weyerhaeuser in the fourth quarter valued at $38,000. Finally, Princeton Global Asset Management LLC lifted its stake in Weyerhaeuser by 400.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WY. Truist Financial restated a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets raised their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, Royal Bank of Canada cut their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $37.67.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $28.87 on Thursday. Weyerhaeuser has a twelve month low of $28.26 and a twelve month high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The company has a 50-day simple moving average of $30.60 and a two-hundred day simple moving average of $32.67. The stock has a market capitalization of $21.05 billion, a price-to-earnings ratio of 26.25 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm earned $0.21 EPS. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. Analysts forecast that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

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.