39,131 Shares in Weyerhaeuser Company $WY Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board acquired a new stake in Weyerhaeuser Company (NYSE:WY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,131 shares of the real estate investment trust’s stock, valued at approximately $970,000.

Several other large investors also recently modified their holdings of WY. Hantz Financial Services Inc. boosted its holdings in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 521 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of 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% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares during the last quarter. Operose Advisors LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $41,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Weyerhaeuser in the second quarter worth $49,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis purchased 4,500 shares of Weyerhaeuser stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the transaction, the director owned 25,978 shares in the company, valued at $613,340.58. The trade was a 20.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. The trade was a 8.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $25.54 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The firm has a market capitalization of $18.40 billion, a PE ratio of 58.04 and a beta of 1.03. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The business’s fifty day moving average price is $25.38 and its two-hundred day moving average price is $24.53.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The business 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%.The business’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 earnings per share. On average, research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on WY shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Bank of America reissued a “neutral” rating and issued a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Finally, New Street Research set a $28.00 price objective on Weyerhaeuser in a research note on Friday, December 12th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.88.

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.