Brooklyn Investment Group Purchases Shares of 3,217 Weyerhaeuser (NYSE:WY)

Brooklyn Investment Group acquired a new position in shares of Weyerhaeuser (NYSE:WY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,217 shares of the real estate investment trust’s stock, valued at approximately $109,000.

Other hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser in the third quarter worth $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser during the 2nd quarter worth approximately $26,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the second quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 928 shares during the period. Finally, Park Place Capital Corp increased its holdings in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 79.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

WY stock opened at $32.35 on Thursday. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The firm has a market cap of $23.50 billion, a PE ratio of 43.72 and a beta of 1.40. The business has a 50 day moving average of $32.23 and a 200-day moving average of $30.81. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. As a group, sell-side analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Truist Financial increased their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.