Nomura Asset Management Co. Ltd. lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,042 shares of the real estate investment trust’s stock after purchasing an additional 4,770 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Weyerhaeuser were worth $6,127,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Barnett & Company Inc. bought a new position in Weyerhaeuser in the 2nd quarter worth about $101,000. Dupont Capital Management Corp bought a new position in Weyerhaeuser in the 2nd quarter worth about $109,000. Alexandria Capital LLC increased its stake in Weyerhaeuser by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 12 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Weyerhaeuser by 2.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,356 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 115 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in Weyerhaeuser by 0.4% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,674 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 19 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.
A number of brokerages have weighed in on WY. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Argus upped their target price on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Stephens began coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 target price on the stock. JMP Securities lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a research note on Monday, August 14th. Finally, BMO Capital Markets lowered Weyerhaeuser from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $28.58 to $36.00 in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $37.20.
In other news, insider Rhonda D. Hunter sold 45,939 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total value of $1,640,941.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. Insiders sold a total of 296,623 shares of company stock valued at $10,452,392 over the last quarter. Company insiders own 1.20% of the company’s stock.
Weyerhaeuser Company (NYSE WY) traded up $0.38 on Friday, hitting $35.62. The stock had a trading volume of 1,787,500 shares, compared to its average volume of 3,317,698. Weyerhaeuser Company has a 1 year low of $29.81 and a 1 year high of $36.92. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. The stock has a market cap of $26,890.00, a PE ratio of 35.96, a P/E/G ratio of 6.00 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts expect that Weyerhaeuser Company will post 1.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.32 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Thursday, November 30th. Weyerhaeuser’s dividend payout ratio is presently 261.22%.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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