Principal Financial Group Inc. Acquires 8,024 Shares of Weyerhaeuser (NYSE:WY)

Principal Financial Group Inc. raised its holdings in shares of Weyerhaeuser (NYSE:WY) by 0.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,304,417 shares of the real estate investment trust’s stock after purchasing an additional 8,024 shares during the period. Principal Financial Group Inc.’s holdings in Weyerhaeuser were worth $111,887,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Oakworth Capital Inc. purchased a new position in Weyerhaeuser during the third quarter valued at approximately $25,000. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Weyerhaeuser by 4,884.2% during 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 purchasing an additional 928 shares in the last quarter. Finally, Park Place Capital Corp grew its stake in Weyerhaeuser by 440.5% in 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 purchasing an additional 1,000 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial increased their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Citigroup reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. DA Davidson lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Finally, Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $36.33.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $31.89 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The business has a fifty day moving average of $32.24 and a 200 day moving average of $30.80. The firm has a market capitalization of $23.17 billion, a price-to-earnings ratio of 43.09 and a beta of 1.40. Weyerhaeuser has a 1 year low of $26.73 and a 1 year 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, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. As a group, research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.51%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 108.11%.

Weyerhaeuser Company 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.