KBC Group NV lifted its stake in shares of Weyerhaeuser Company (NYSE:WY) by 54.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 176,018 shares of the real estate investment trust’s stock after acquiring an additional 61,886 shares during the period. KBC Group NV’s holdings in Weyerhaeuser were worth $5,990,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in WY. Barnett & Company Inc. acquired a new position in Weyerhaeuser during the second quarter worth $101,000. Dupont Capital Management Corp acquired a new position in Weyerhaeuser during the second quarter worth $109,000. Alexandria Capital LLC raised its holdings in Weyerhaeuser by 0.3% during the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in Weyerhaeuser by 0.5% during the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Weyerhaeuser by 2.7% during the second quarter. Parkside Financial Bank & Trust now owns 4,356 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 115 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.
Several research firms have weighed in on WY. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus upped their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, September 4th. Finally, BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $37.20.
Shares of Weyerhaeuser Company (NYSE WY) traded up $0.06 during mid-day trading on Wednesday, hitting $35.19. 1,876,700 shares of the stock traded hands, compared to its average volume of 3,328,864. The stock has a market capitalization of $26,500.00, a P/E ratio of 35.85, a P/E/G ratio of 5.99 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. Weyerhaeuser Company has a 52 week low of $29.81 and a 52 week high of $36.92.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. equities research analysts predict that Weyerhaeuser Company will post 1.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.64%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.31. Weyerhaeuser’s dividend payout ratio is currently 261.22%.
In other news, insider Rhonda D. Hunter sold 45,939 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total value of $1,640,941.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rick R. Holley sold 227,341 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,623 shares of company stock valued at $10,452,392. 1.20% of the stock is currently owned by corporate insiders.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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