Lansforsakringar Fondforvaltning AB publ Purchases 538,003 Shares of Weyerhaeuser Company $WY

Lansforsakringar Fondforvaltning AB publ increased its position in Weyerhaeuser Company (NYSE:WY) by 44.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,756,720 shares of the real estate investment trust’s stock after buying an additional 538,003 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Weyerhaeuser were worth $43,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its holdings in shares of Weyerhaeuser by 27.5% in the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after purchasing an additional 405,575 shares in the last quarter. Nordea Investment Management AB lifted its stake in Weyerhaeuser by 2.0% during the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock valued at $57,278,000 after acquiring an additional 46,207 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Weyerhaeuser by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after acquiring an additional 97,769 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Weyerhaeuser by 40.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,904,893 shares of the real estate investment trust’s stock worth $72,012,000 after acquiring an additional 838,229 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth $3,406,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director owned 28,661 shares of the company’s stock, valued at $726,556.35. This represents a 16.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired 28,500 shares of company stock valued at $721,645 in the last three months. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $25.29 on Friday. The business’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $24.52. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 57.47 and a beta of 1.03. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s payout ratio is currently 190.91%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WY. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Bank of America reissued a “neutral” rating and set a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Royal Bank Of Canada reduced their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.88.

About Weyerhaeuser

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.