Weyerhaeuser (NYSE:WY) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 7.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 928,731 shares of the real estate investment trust’s stock after selling 78,743 shares during the quarter. Impax Asset Management Group plc owned approximately 0.13% of Weyerhaeuser worth $31,447,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WY. Northeast Investment Management lifted its position in shares of Weyerhaeuser by 1.7% in the 3rd quarter. Northeast Investment Management now owns 30,245 shares of the real estate investment trust’s stock worth $1,024,000 after buying an additional 500 shares during the last quarter. Lansing Street Advisors bought a new stake in shares of Weyerhaeuser during the 3rd quarter worth about $223,000. BSW Wealth Partners bought a new stake in Weyerhaeuser during the third quarter worth approximately $201,000. Van ECK Associates Corp lifted its holdings in shares of Weyerhaeuser by 2,221.8% in the third quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock valued at $39,674,000 after buying an additional 1,191,983 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in Weyerhaeuser during the third quarter worth approximately $148,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Weyerhaeuser

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

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $31.71 on Tuesday. The business’s fifty day moving average is $32.15 and its two-hundred day moving average is $30.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm has a market cap of $23.04 billion, a P/E ratio of 42.85 and a beta of 1.40. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY) last released 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 firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. Equities research analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WY shares. Royal Bank of Canada lifted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. DA Davidson lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One investment 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 data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and an average price target of $36.33.

About Weyerhaeuser

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.