28,250 Shares in Weyerhaeuser Company $WY Acquired by Congress Park Capital LLC

Congress Park Capital LLC purchased a new stake in Weyerhaeuser Company (NYSE:WY) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 28,250 shares of the real estate investment trust’s stock, valued at approximately $669,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. increased its position in Weyerhaeuser by 42.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 33,510 shares of the real estate investment trust’s stock worth $794,000 after buying an additional 10,030 shares during the period. Baugh & Associates LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $4,562,000. Exchange Traded Concepts LLC boosted its position in shares of Weyerhaeuser by 257.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 455,608 shares of the real estate investment trust’s stock valued at $10,793,000 after acquiring an additional 328,281 shares during the period. CoreCap Advisors LLC grew its stake in shares of Weyerhaeuser by 27.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 487 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of Weyerhaeuser by 3.7% in the fourth quarter. Czech National Bank now owns 190,081 shares of the real estate investment trust’s stock valued at $4,503,000 after acquiring an additional 6,832 shares in the last quarter. 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 acquired 4,000 shares of the stock in a transaction on Friday, February 20th. The stock was acquired at an average cost 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 approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Beckwitt bought 20,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average price of $25.70 per share, with a total value 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. The trade was a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Up 0.1%

Shares of NYSE WY opened at $23.88 on Monday. The stock has a market capitalization of $17.21 billion, a P/E ratio of 54.27 and a beta of 1.03. The stock’s fifty day moving average is $25.25 and its 200 day moving average is $24.19. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $29.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. The business 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%. Weyerhaeuser’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Sell-side analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is 190.91%.

Analyst Ratings Changes

Several analysts have weighed in on WY shares. New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a research note on Friday, December 12th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.88.

Weyerhaeuser 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.