GAMMA Investing LLC Buys Shares of 9,516 Weyerhaeuser (NYSE:WY)

GAMMA Investing LLC acquired a new stake in Weyerhaeuser (NYSE:WY) during the 4th quarter, Holdings Channel.com reports. The firm acquired 9,516 shares of the real estate investment trust’s stock, valued at approximately $312,000.

Other large investors have also made changes to their positions in the company. Millburn Ridgefield Corp acquired a new position in Weyerhaeuser in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. lifted its position in Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser in the 4th quarter valued at about $26,000. Lindbrook Capital LLC lifted its holdings in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the period. Finally, Rational Advisors LLC acquired a new stake in shares of Weyerhaeuser in the third quarter worth approximately $40,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WY. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. BMO Capital Markets upped their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial restated a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Buying and Selling

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was 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 approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Down 0.5 %

NYSE WY opened at $31.54 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The business has a 50 day moving average price of $34.02 and a two-hundred day moving average price of $32.72. The stock has a market cap of $23.01 billion, a PE ratio of 27.43 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

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.