Inspire Investing LLC Buys New Shares in Weyerhaeuser (NYSE:WY)
Inspire Investing LLC bought a new stake in shares of Weyerhaeuser (NYSE:WY – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,439 shares of the real estate investment trust’s stock, valued at approximately $358,000.
Other hedge funds have also added to or reduced their stakes in the company. Millburn Ridgefield Corp lifted its position in shares of Weyerhaeuser by 178.6% in the 1st quarter. Millburn Ridgefield Corp now owns 5,193 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 3,329 shares in the last quarter. Mcrae Capital Management Inc. lifted its position in shares of Weyerhaeuser by 1.6% in the 1st quarter. Mcrae Capital Management Inc. now owns 25,835 shares of the real estate investment trust’s stock valued at $979,000 after acquiring an additional 400 shares in the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Weyerhaeuser by 504.8% in the 1st quarter. Virginia Retirement Systems ET AL now owns 418,500 shares of the real estate investment trust’s stock valued at $15,861,000 after acquiring an additional 349,300 shares in the last quarter. CWM LLC lifted its position in shares of Weyerhaeuser by 37.7% in the 1st quarter. CWM LLC now owns 5,467 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Riverview Trust Co lifted its position in shares of Weyerhaeuser by 100.5% in the 1st quarter. Riverview Trust Co now owns 1,173 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 588 shares in the last quarter. 82.38% of the stock is owned by institutional investors and hedge funds.
In other Weyerhaeuser news, Director Albert Monaco purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were bought at an average price of $38.43 per share, for a total transaction of $115,290.00. Following the purchase, the director now directly owns 27,246 shares in the company, valued at approximately $1,047,063.78. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.
Weyerhaeuser stock opened at $33.98 on Tuesday. The firm has a market cap of $25.30 billion, a PE ratio of 9.47 and a beta of 1.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.20 and a current ratio of 2.82. The firm’s 50 day moving average price is $37.39 and its two-hundred day moving average price is $38.86. Weyerhaeuser has a twelve month low of $32.50 and a twelve month high of $43.04.
Weyerhaeuser (NYSE:WY – Get Rating) last released its quarterly earnings data on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.24. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $0.91 EPS. The company’s revenue for the quarter was down 12.0% compared to the same quarter last year. Equities analysts anticipate that Weyerhaeuser will post 3.18 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.12%. Weyerhaeuser’s dividend payout ratio (DPR) is 20.06%.
Several brokerages recently commented on WY. StockNews.com downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 4th. Truist Financial started coverage on shares of Weyerhaeuser in a research note on Wednesday, June 29th. They issued a “hold” rating and a $37.00 price objective on the stock. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research note on Monday, May 2nd. Finally, The Goldman Sachs Group dropped their price objective on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average target price of $42.20.
Weyerhaeuser Company Profile (Get Rating)
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.
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