Weyerhaeuser Company $WY Stock Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 27.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,881,226 shares of the real estate investment trust’s stock after purchasing an additional 405,575 shares during the period. Allianz Asset Management GmbH’s holdings in Weyerhaeuser were worth $46,636,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Weyerhaeuser during the second quarter worth approximately $600,502,000. Bank of New York Mellon Corp raised its stake in 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 valued at $348,111,000 after acquiring an additional 6,284,982 shares in the last quarter. Engineers Gate Manager LP boosted its position in Weyerhaeuser by 1,493.1% during the 2nd quarter. Engineers Gate Manager LP now owns 1,541,909 shares of the real estate investment trust’s stock worth $39,612,000 after acquiring an additional 1,445,123 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 worth $341,833,000 after purchasing an additional 1,374,109 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new position in shares of Weyerhaeuser during the second quarter valued at $32,721,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY opened at $26.71 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The firm’s 50 day moving average is $24.39 and its 200-day moving average is $24.44. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66. The stock has a market capitalization of $19.25 billion, a P/E ratio of 60.71, a P/E/G ratio of 97.80 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. Equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. Weyerhaeuser’s payout ratio is 190.91%.

Analyst Ratings Changes

A number of brokerages recently weighed in on WY. Truist Financial lifted their price objective on shares of Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. CIBC reaffirmed an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Citigroup raised their price objective on shares of Weyerhaeuser from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Monday. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.63.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the sale, the chief executive officer owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. The trade was a 8.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sara Grootwassink Lewis acquired 4,500 shares of Weyerhaeuser stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $23.61 per share, with a total value of $106,245.00. Following the completion of the purchase, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

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.