Schroder Investment Management Group Decreases Stock Holdings in Weyerhaeuser Company $WY

Schroder Investment Management Group decreased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,461,867 shares of the real estate investment trust’s stock after selling 120,508 shares during the period. Schroder Investment Management Group owned about 0.20% of Weyerhaeuser worth $36,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WY. Allianz Asset Management GmbH lifted its holdings in shares of Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after buying an additional 405,575 shares during the period. Nordea Investment Management AB grew its holdings in shares of Weyerhaeuser by 2.0% in the third quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock worth $57,278,000 after acquiring an additional 46,207 shares during the period. Citigroup Inc. grew its holdings in shares of Weyerhaeuser by 68.5% in the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after acquiring an additional 669,451 shares during the period. Principal Financial Group Inc. increased its position in Weyerhaeuser by 2.7% during the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after acquiring an additional 97,769 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new position in Weyerhaeuser in the third quarter valued at about $1,154,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.23 on Thursday. The business has a 50-day simple moving average of $25.64 and a two-hundred day simple moving average of $24.39. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $30.28. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of 52.79 and a beta of 1.03.

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, beating analysts’ consensus estimates 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%.The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. On average, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued 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 yield of 3.6%. Weyerhaeuser’s payout ratio is currently 190.91%.

Insider Activity

In other news, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. This trade represents a 8.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sara Grootwassink Lewis bought 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $23.61 per share, with a total value of $106,245.00. Following the acquisition, the director directly owned 25,978 shares in the company, valued at $613,340.58. This trade represents a 20.95% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 28,500 shares of company stock valued at $721,645. Company insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on WY shares. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, February 2nd. Truist Financial upped their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Citigroup raised their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.