Weyerhaeuser (NYSE:WY) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 31.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,178,841 shares of the real estate investment trust’s stock after purchasing an additional 769,149 shares during the period. Massachusetts Financial Services Co. MA owned about 0.44% of Weyerhaeuser worth $90,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WY. American National Bank raised its position in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Weyerhaeuser in the first quarter worth about $33,000. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the second quarter worth about $26,000. Register Financial Advisors LLC acquired a new position in shares of Weyerhaeuser in the first quarter worth about $36,000. Finally, Northwest Bank & Trust Co acquired a new position in shares of Weyerhaeuser in the fourth quarter worth about $38,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 0.4 %

Shares of NYSE WY opened at $33.11 on Thursday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock has a market cap of $24.14 billion, a PE ratio of 30.10 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $30.74 and a 200 day moving average of $31.22.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that Weyerhaeuser will post 0.52 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.42%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Insider Activity

In other news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. DA Davidson cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $35.83.

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.