DAVENPORT & Co LLC Purchases 42,152 Shares of Weyerhaeuser Company $WY

DAVENPORT & Co LLC increased its position in Weyerhaeuser Company (NYSE:WY) by 226.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,771 shares of the real estate investment trust’s stock after acquiring an additional 42,152 shares during the quarter. DAVENPORT & Co LLC’s holdings in Weyerhaeuser were worth $1,440,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 959 shares during the period. Cromwell Holdings LLC grew its holdings in Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 501 shares during the last quarter. Operose Advisors LLC acquired a new position in Weyerhaeuser in the 2nd quarter valued at approximately $41,000. Optiver Holding B.V. acquired a new position in Weyerhaeuser in the 3rd quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Weyerhaeuser by 69.7% during the third quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 784 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt acquired 20,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of $25.70 per share, with a total value of $514,000.00. Following the transaction, the director owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Calvin O’rourke acquired 4,000 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 28,661 shares in the company, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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 company’s 50 day moving average price is $25.25 and its 200-day moving average price is $24.19. 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 Company has a 52-week low of $21.16 and a 52-week high of $29.62. The company has a market capitalization of $17.21 billion, a P/E ratio of 54.27 and a beta of 1.03.

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. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $0.11 earnings per share. Weyerhaeuser’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders 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 yield of 3.5%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WY shares. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, February 2nd. Citigroup lifted their target price on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Finally, UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Six equities 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, Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $28.88.

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.