Empowered Funds LLC Purchases 2,129 Shares of Weyerhaeuser (NYSE:WY)

Empowered Funds LLC boosted its position in Weyerhaeuser (NYSE:WY) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,106 shares of the real estate investment trust’s stock after buying an additional 2,129 shares during the quarter. Empowered Funds LLC’s holdings in Weyerhaeuser were worth $1,460,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after purchasing an additional 2,874,101 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after acquiring an additional 503,059 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Weyerhaeuser by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock valued at $291,306,000 after acquiring an additional 2,004,073 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Weyerhaeuser by 32.3% during the second quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after acquiring an additional 804,650 shares in the last quarter. Finally, abrdn plc boosted its position in Weyerhaeuser by 4.1% during the third quarter. abrdn plc now owns 3,256,780 shares of the real estate investment trust’s stock valued at $110,161,000 after purchasing an additional 128,055 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 80.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is owned by insiders.

Weyerhaeuser Trading Down 0.2 %

Shares of WY stock opened at $30.62 on Friday. The stock has a 50 day simple moving average of $32.30 and a 200 day simple moving average of $30.78. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The stock has a market cap of $22.25 billion, a P/E ratio of 41.37 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm earned $0.33 EPS. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, research analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WY shares. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. DA Davidson decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.33.

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.