Weyerhaeuser Company $WY Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Weyerhaeuser Company (NYSE:WY) by 20.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,887 shares of the real estate investment trust’s stock after acquiring an additional 20,897 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Weyerhaeuser were worth $2,959,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its holdings in Weyerhaeuser by 401.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 959 shares during the period. Cromwell Holdings LLC lifted its holdings in Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 501 shares during the period. FNY Investment Advisers LLC acquired a new position in Weyerhaeuser in the fourth quarter valued at approximately $39,000. Optiver Holding B.V. acquired a new position in Weyerhaeuser in the third quarter valued at approximately $42,000. Finally, Lodestone Wealth Management LLC acquired a new position in Weyerhaeuser in the fourth quarter valued at approximately $44,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O’rourke bought 4,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares in the company, valued at $726,556.35. The trade was a 16.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Beckwitt bought 20,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was purchased at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the transaction, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.31% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.79 on Thursday. The company has a market cap of $17.87 billion, a PE ratio of 56.33, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. The stock’s 50 day simple moving average is $24.54 and its 200-day simple moving average is $24.18. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. As a group, equities research analysts anticipate that Weyerhaeuser Company will post 0.26 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Citigroup increased their price target on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, March 31st. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, Truist Financial lowered their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $28.75.

About Weyerhaeuser

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.