Mitsubishi UFJ Asset Management Co. Ltd. Buys 111,446 Shares of Weyerhaeuser Company $WY

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Weyerhaeuser Company (NYSE:WY) by 8.2% during the third quarter, Holdings Channel reports. The firm owned 1,475,606 shares of the real estate investment trust’s stock after buying an additional 111,446 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $36,580,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in shares of Weyerhaeuser by 86.3% during the 2nd 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 in the last quarter. Tradewinds Capital Management LLC raised its stake in Weyerhaeuser by 401.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 959 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in Weyerhaeuser by 58.3% in the third 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 period. Operose Advisors LLC bought a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $41,000. Finally, Optiver Holding B.V. purchased a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $42,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $24.48 on Monday. The business has a fifty day moving average price of $25.54 and a 200-day moving average price of $24.48. 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 company has a market capitalization of $17.64 billion, a PE ratio of 55.63 and a beta of 1.03. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66.

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

Weyerhaeuser Announces Dividend

The company 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 dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Analyst Upgrades and Downgrades

WY has been the subject of a number of research analyst reports. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Truist Financial increased their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Bank of America reissued a “neutral” rating and set a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Citigroup lifted their price target on shares of Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.88.

Insider Activity

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was purchased at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 28,500 shares of company stock valued at $721,645 in the last quarter. Insiders own 0.27% of the company’s stock.

Weyerhaeuser 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.