Westwood Holdings Group Inc. Has $8.78 Million Holdings in Weyerhaeuser (NYSE:WY)

Westwood Holdings Group Inc. raised its holdings in Weyerhaeuser (NYSE:WY) by 3,071.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 309,327 shares of the real estate investment trust’s stock after buying an additional 299,574 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Weyerhaeuser were worth $8,782,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $255,000. Assetmark Inc. raised its position in shares of Weyerhaeuser by 3.3% during the fourth quarter. Assetmark Inc. now owns 28,044 shares of the real estate investment trust’s stock worth $975,000 after purchasing an additional 909 shares during the period. Congress Wealth Management LLC DE raised its position in shares of Weyerhaeuser by 6.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 56,523 shares of the real estate investment trust’s stock worth $1,965,000 after purchasing an additional 3,656 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Weyerhaeuser by 2.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 288,926 shares of the real estate investment trust’s stock worth $10,046,000 after purchasing an additional 8,198 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Weyerhaeuser by 3.2% during the fourth quarter. Intech Investment Management LLC now owns 14,743 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 456 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Down 1.0 %

Shares of NYSE:WY opened at $33.24 on Monday. The company has a market capitalization of $24.23 billion, a PE ratio of 30.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The business has a fifty day moving average price of $30.91 and a two-hundred day moving average price of $31.17. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

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 analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Analysts forecast that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 dividend on an annualized basis and a yield of 2.41%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. DA Davidson lowered their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Truist Financial decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Citigroup decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Royal Bank of Canada upped their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.83.

Insider Buying and Selling at Weyerhaeuser

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

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.