Integrated Investment Consultants LLC Purchases New Stake in Weyerhaeuser Company $WY

Integrated Investment Consultants LLC purchased a new stake in Weyerhaeuser Company (NYSE:WY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 27,000 shares of the real estate investment trust’s stock, valued at approximately $640,000.

Several other hedge funds have also recently bought and sold shares of WY. Allianz Asset Management GmbH boosted its holdings in shares of Weyerhaeuser by 27.5% during the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock worth $46,636,000 after purchasing an additional 405,575 shares during the period. Citigroup Inc. raised its position in 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 purchasing an additional 669,451 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Weyerhaeuser by 2.7% in 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 buying an additional 97,769 shares during the period. Nordea Investment Management AB grew its position in shares of Weyerhaeuser by 2.1% in the 4th quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock worth $56,310,000 after buying an additional 47,709 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Weyerhaeuser during the third quarter valued at approximately $1,154,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analysts Set New Price Targets

WY has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. Truist Financial dropped their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Weyerhaeuser has an average rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Stock Up 0.0%

Weyerhaeuser stock opened at $22.68 on Monday. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.86. The stock has a fifty day moving average of $24.09 and a 200 day moving average of $24.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a market cap of $16.36 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 1.36 and a beta of 0.90.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.3 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Beckwitt acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the transaction, the director owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.31% of the stock is currently owned by company insiders.

Weyerhaeuser 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.