UniSuper Management Pty Ltd Has $5.79 Million Stock Holdings in Weyerhaeuser Company $WY

UniSuper Management Pty Ltd boosted its position in Weyerhaeuser Company (NYSE:WY) by 23.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,552 shares of the real estate investment trust’s stock after acquiring an additional 44,201 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Weyerhaeuser were worth $5,790,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Weyerhaeuser in the 2nd quarter valued at $600,502,000. Bank of New York Mellon Corp lifted its position in shares of Weyerhaeuser by 86.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock worth $348,111,000 after buying an additional 6,284,982 shares during the last quarter. Engineers Gate Manager LP boosted its stake in Weyerhaeuser by 1,493.1% in the second quarter. Engineers Gate Manager LP now owns 1,541,909 shares of the real estate investment trust’s stock valued at $39,612,000 after buying an additional 1,445,123 shares in the last quarter. JPMorgan Chase & Co. grew its position in Weyerhaeuser by 11.5% in the second quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock valued at $341,833,000 after acquiring an additional 1,374,109 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new position in Weyerhaeuser during the second quarter worth about $32,721,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Weyerhaeuser

In related news, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. The trade was a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Grootwassink Lewis bought 4,500 shares of Weyerhaeuser stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares of the company’s stock, valued at $613,340.58. The trade was a 20.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. CIBC reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Truist Financial boosted their target price on shares of Weyerhaeuser from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Citigroup upped their price target on shares of Weyerhaeuser from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, New Street Research set a $28.00 price objective on Weyerhaeuser in a report on Friday, December 12th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average price target of $28.50.

Weyerhaeuser Trading Down 0.5%

Shares of NYSE WY opened at $26.67 on Monday. The firm has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $24.41. The stock has a market cap of $19.22 billion, a P/E ratio of 59.26, a price-to-earnings-growth ratio of 99.05 and a beta of 1.04. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $31.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. Weyerhaeuser’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. As a group, equities analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. Weyerhaeuser’s dividend payout ratio is presently 186.67%.

Weyerhaeuser Profile

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.