Weyerhaeuser Company $WY Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Weyerhaeuser Company (NYSE:WY) by 1,303.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,554 shares of the real estate investment trust’s stock after buying an additional 245,706 shares during the period. SG Americas Securities LLC’s holdings in Weyerhaeuser were worth $6,267,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WY. Wellington Management Group LLP raised its position in Weyerhaeuser by 6.3% during the third quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after acquiring an additional 2,343,724 shares during the last quarter. State Street Corp grew its position in shares of Weyerhaeuser by 1.9% in the third quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock valued at $804,897,000 after purchasing an additional 602,901 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Weyerhaeuser by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock valued at $370,623,000 after purchasing an additional 1,400,050 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Weyerhaeuser by 4.7% during the 3rd quarter. Legal & General Group Plc now owns 11,382,659 shares of the real estate investment trust’s stock worth $282,176,000 after purchasing an additional 511,657 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Weyerhaeuser by 14.2% during the 3rd quarter. Invesco Ltd. now owns 11,007,440 shares of the real estate investment trust’s stock worth $272,874,000 after purchasing an additional 1,367,616 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on WY. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, Citigroup lifted their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Six research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.88.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Beckwitt bought 20,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the acquisition, the director owned 24,066 shares of the company’s stock, valued at $618,496.20. This trade represents a 491.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Up 0.7%

Shares of NYSE WY opened at $24.44 on Wednesday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $29.58. The firm’s 50 day moving average price is $25.15 and its 200 day moving average price is $24.18. The firm has a market cap of $17.61 billion, a P/E ratio of 55.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

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

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.21 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s payout ratio is 190.91%.

Weyerhaeuser Company 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.