Nomura Holdings Inc. Takes Position in Weyerhaeuser (NYSE:WY)

Nomura Holdings Inc. purchased a new stake in Weyerhaeuser (NYSE:WYFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 129,562 shares of the real estate investment trust’s stock, valued at approximately $4,505,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WY. Price T Rowe Associates Inc. MD lifted its position in shares of Weyerhaeuser by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock worth $1,682,437,000 after purchasing an additional 888,621 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Weyerhaeuser by 53.2% in the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after purchasing an additional 10,271,891 shares in the last quarter. Norges Bank bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $753,497,000. JPMorgan Chase & Co. lifted its position in shares of Weyerhaeuser by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock worth $645,879,000 after purchasing an additional 58,688 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Weyerhaeuser by 4.7% in the third quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock worth $363,129,000 after purchasing an additional 532,923 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on WY shares. BMO Capital Markets boosted 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 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada dropped their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.67.

Check Out Our Latest Analysis on WY

Weyerhaeuser Stock Performance

Shares of WY traded down $0.23 during trading hours on Tuesday, hitting $28.92. The company had a trading volume of 304,879 shares, compared to its average volume of 3,402,407. The firm has a market cap of $21.08 billion, a price-to-earnings ratio of 26.50 and a beta of 1.43. The business has a fifty day moving average of $30.82 and a 200-day moving average of $32.71. Weyerhaeuser has a 12 month low of $28.26 and a 12 month high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WYGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company posted $0.21 earnings per share. Weyerhaeuser’s revenue was down 4.5% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.77%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the transaction, the director now directly owns 5,790 shares in the company, valued at $170,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now directly owns 5,790 shares in the company, valued at $170,226. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

About Weyerhaeuser

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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