Nordea Investment Management AB Boosts Holdings in Weyerhaeuser Company $WY

Nordea Investment Management AB increased its position in Weyerhaeuser Company (NYSE:WY) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,370,437 shares of the real estate investment trust’s stock after purchasing an additional 47,709 shares during the period. Nordea Investment Management AB owned approximately 0.33% of Weyerhaeuser worth $56,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its stake in Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 959 shares during the last quarter. Cromwell Holdings LLC boosted its stake in shares of Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares during the last quarter. Operose Advisors LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth $41,000. Optiver Holding B.V. bought a new stake in shares of Weyerhaeuser in the third quarter worth $42,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Weyerhaeuser by 69.7% in the third quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 784 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on WY shares. Truist Financial increased their target price on Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Citigroup increased their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Trading Up 3.1%

Shares of NYSE:WY opened at $23.18 on Tuesday. The stock has a 50 day moving average of $25.48 and a 200 day moving average of $24.24. The company has a market cap of $16.70 billion, a PE ratio of 52.67 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 Company has a 12-month low of $21.16 and a 12-month high of $30.06.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business earned $0.11 EPS. The firm’s revenue was down 9.8% compared to the same quarter last year. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt purchased 20,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This represents a 491.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin O’rourke purchased 4,000 shares of the business’s stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the purchase, the director directly owned 28,661 shares in the company, valued at $726,556.35. This represents a 16.22% increase in their position. The SEC filing for this purchase provides additional information. 0.27% of the stock is owned by company insiders.

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.