Russell Investments Group Ltd. Has $85.85 Million Holdings in Weyerhaeuser Company $WY

Russell Investments Group Ltd. raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,462,525 shares of the real estate investment trust’s stock after buying an additional 104,673 shares during the quarter. Russell Investments Group Ltd. owned 0.48% of Weyerhaeuser worth $85,845,000 at the end of the most recent quarter.

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

Weyerhaeuser Trading Down 0.2%

Weyerhaeuser stock opened at $24.45 on Tuesday. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.12. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The stock has a market cap of $17.62 billion, a P/E ratio of 55.57 and a beta of 1.03. The company’s fifty day simple moving average is $25.65 and its 200-day simple moving average is $24.42.

Weyerhaeuser (NYSE:WY) last announced 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 analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.Weyerhaeuser’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share. As a group, sell-side analysts forecast 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. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports 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 report on Saturday, February 21st. DA Davidson reissued a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price objective on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $28.88.

Insider Transactions at Weyerhaeuser

In other news, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. The trade was a 8.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin O’rourke purchased 4,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, with a total value of $101,400.00. Following the purchase, the director 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. Insiders purchased 28,500 shares of company stock valued at $721,645 over the last 90 days. Company insiders own 0.27% of the company’s stock.

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.