Duality Advisers LP Acquires 66,250 Shares of Weyerhaeuser (NYSE:WY)

Duality Advisers LP lifted its holdings in shares of Weyerhaeuser (NYSE:WY) by 73.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,789 shares of the real estate investment trust’s stock after acquiring an additional 66,250 shares during the period. Weyerhaeuser makes up 0.6% of Duality Advisers LP’s holdings, making the stock its 25th biggest holding. Duality Advisers LP’s holdings in Weyerhaeuser were worth $5,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Millburn Ridgefield Corp bought a new stake in Weyerhaeuser in the 3rd quarter worth about $25,000. Raleigh Capital Management Inc. grew its position in Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Weyerhaeuser in the 4th quarter worth about $26,000. Eagle Bay Advisors LLC bought a new stake in Weyerhaeuser in the 2nd quarter worth about $26,000. Finally, Lindbrook Capital LLC grew its position in Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Insider Activity at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Stock Performance

WY traded up $0.12 during midday trading on Friday, reaching $31.47. The company had a trading volume of 3,955,310 shares, compared to its average volume of 2,888,662. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The stock has a market cap of $22.96 billion, a PE ratio of 27.37 and a beta of 1.43. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27. The business has a 50-day moving average price of $34.11 and a two-hundred day moving average price of $32.70.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.24 EPS. On average, sell-side analysts expect that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 69.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WY shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. BMO Capital Markets upped their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Truist Financial reiterated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.