Point72 Asset Management L.P. acquired a new stake in Weyerhaeuser (NYSE:WY – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,204,154 shares of the real estate investment trust’s stock, valued at approximately $40,773,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Fiduciary Trust Co grew its position in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock valued at $1,801,000 after purchasing an additional 331 shares during the period. Wedmont Private Capital grew its position in shares of Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. grew its position in shares of Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after purchasing an additional 366 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Weyerhaeuser by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 367 shares during the period. Finally, CWM LLC grew its position in shares of Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 368 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Weyerhaeuser Trading Down 1.5 %
Shares of WY opened at $31.24 on Thursday. The stock’s 50-day moving average is $32.08 and its two-hundred day moving average is $30.84. The stock has a market cap of $22.70 billion, a PE ratio of 42.22 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.
Weyerhaeuser Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 108.11%.
Insiders Place Their Bets
In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on WY. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial boosted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $36.33.
Get Our Latest Research Report on WY
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.
See Also
- Five stocks we like better than Weyerhaeuser
- With Risk Tolerance, One Size Does Not Fit All
- Tesla Poised to Hit Record Highs This Holiday Season
- Insider Buying Explained: What Investors Need to Know
- The Salesforce Rally is Just Getting Started: Here’s Why
- The How and Why of Investing in Gold Stocks
- 3 Chip and Data Center Stocks That Can Keep Rising in 2025
Want to see what other hedge funds are holding WY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyerhaeuser (NYSE:WY – Free Report).
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.