Weyerhaeuser Company $WY Position Increased by Mirova

Mirova grew its position in Weyerhaeuser Company (NYSE:WY) by 24.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,874 shares of the real estate investment trust’s stock after buying an additional 29,147 shares during the quarter. Mirova’s holdings in Weyerhaeuser were worth $3,691,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. 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 owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $23.44 on Thursday. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 53.26 and a beta of 1.03. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $30.19. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $24.30.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share 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 paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser’s payout ratio is presently 190.91%.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke bought 4,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was bought 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 directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard Beckwitt purchased 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director owned 24,066 shares in the company, valued at $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WY shares. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Truist Financial increased their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.88.

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.