Weyerhaeuser Co (NYSE:WY) Shares Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System boosted its position in Weyerhaeuser Co (NYSE:WY) by 0.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,073,110 shares of the real estate investment trust’s stock after acquiring an additional 1,370 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Weyerhaeuser were worth $28,266,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NEXT Financial Group Inc lifted its holdings in Weyerhaeuser by 197.3% in the 2nd quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 789 shares in the last quarter. TrinityPoint Wealth LLC acquired a new position in Weyerhaeuser in the 1st quarter worth $239,000. SG3 Management LLC acquired a new position in Weyerhaeuser in the 1st quarter worth $105,000. Wealthstreet Investment Advisors LLC lifted its holdings in Weyerhaeuser by 8.5% in the 1st quarter. Wealthstreet Investment Advisors LLC now owns 34,008 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 2,670 shares in the last quarter. Finally, Sand Hill Global Advisors LLC acquired a new position in Weyerhaeuser in the 1st quarter worth $3,877,000. Hedge funds and other institutional investors own 77.47% of the company’s stock.

WY stock traded down $0.12 during trading on Friday, reaching $25.52. The stock had a trading volume of 12,879 shares, compared to its average volume of 3,686,190. Weyerhaeuser Co has a 1-year low of $20.52 and a 1-year high of $35.40. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $18.65 billion, a P/E ratio of 21.73, a PEG ratio of 8.74 and a beta of 1.71. The firm has a fifty day moving average price of $25.43 and a 200 day moving average price of $25.50.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The firm’s revenue was down 20.4% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser Co will post 0.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.33%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.

In related news, insider Devin W. Stockfish bought 5,195 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were acquired at an average price of $23.03 per share, for a total transaction of $119,640.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.43% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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