abrdn plc Boosts Stock Position in Weyerhaeuser (NYSE:WY)

abrdn plc lifted its position in shares of Weyerhaeuser (NYSE:WY) by 4.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,256,780 shares of the real estate investment trust’s stock after purchasing an additional 128,055 shares during the period. abrdn plc’s holdings in Weyerhaeuser were worth $110,161,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Weyerhaeuser by 6.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock worth $2,199,000 after buying an additional 3,772 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Weyerhaeuser by 99.2% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 47,056 shares of the real estate investment trust’s stock worth $1,690,000 after buying an additional 23,432 shares during the period. Denali Advisors LLC lifted its holdings in Weyerhaeuser by 8.1% in the first quarter. Denali Advisors LLC now owns 22,896 shares of the real estate investment trust’s stock worth $822,000 after buying an additional 1,709 shares during the period. Norden Group LLC purchased a new stake in Weyerhaeuser in the first quarter worth about $832,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Weyerhaeuser by 28.4% during the first quarter. First Trust Direct Indexing L.P. now owns 16,177 shares of the real estate investment trust’s stock valued at $581,000 after purchasing an additional 3,574 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 0.5 %

NYSE:WY opened at $31.95 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market cap of $23.24 billion, a PE ratio of 43.18 and a beta of 1.40. The company has a 50 day simple moving average of $32.08 and a two-hundred day simple moving average of $30.81.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s revenue was down 13.3% on a year-over-year basis. Research analysts forecast that Weyerhaeuser will post 0.45 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 108.11%.

Insider Activity

In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. DA Davidson lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Truist Financial lifted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Weyerhaeuser has an average rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.