Cambria Investment Management L.P. Takes Position in Weyerhaeuser Company $WY

Cambria Investment Management L.P. acquired a new stake in Weyerhaeuser Company (NYSE:WY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,009 shares of the real estate investment trust’s stock, valued at approximately $1,265,000.

Several other large investors have also recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its stake in shares of Weyerhaeuser by 27.5% in the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock worth $46,636,000 after acquiring an additional 405,575 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Weyerhaeuser by 2.0% in the third quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock valued at $57,278,000 after acquiring an additional 46,207 shares in the last quarter. Citigroup Inc. raised its stake in shares of Weyerhaeuser by 68.5% in the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock valued at $40,836,000 after acquiring an additional 669,451 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Weyerhaeuser by 2.7% in the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after purchasing an additional 97,769 shares during the period. Finally, Creative Financial Designs Inc. ADV purchased a new position in Weyerhaeuser in the third quarter valued at $1,154,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $22.97 on Friday. The company has a market cap of $16.55 billion, a P/E ratio of 52.19 and a beta of 1.03. The firm has a fifty day moving average price of $25.60 and a 200 day moving average price of $24.29. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $30.19.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Citigroup lifted their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, February 2nd. Finally, New Street Research set a $28.00 target price on shares of Weyerhaeuser in a report on Friday, December 12th. Six 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.88.

Insider Activity at Weyerhaeuser

In related news, Director Richard Beckwitt purchased 20,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were bought at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Calvin O’rourke acquired 4,000 shares of the business’s stock in a transaction on Friday, February 20th. The shares were bought at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the acquisition, the director owned 28,661 shares of the company’s stock, valued at $726,556.35. This represents a 16.22% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.27% of the stock is owned by insiders.

Weyerhaeuser Company 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.