Fulton Bank N.A. Purchases Shares of 7,724 Weyerhaeuser (NYSE:WY)

Fulton Bank N.A. purchased a new stake in shares of Weyerhaeuser (NYSE:WY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,724 shares of the real estate investment trust’s stock, valued at approximately $262,000.

A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Weyerhaeuser by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after purchasing an additional 2,874,101 shares during the period. Wellington Management Group LLP grew its stake in shares of Weyerhaeuser by 53.2% during the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after acquiring an additional 10,271,891 shares during the period. Legal & General Group Plc grew its stake in shares of Weyerhaeuser by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after acquiring an additional 503,059 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Weyerhaeuser by 3.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock valued at $187,351,000 after acquiring an additional 193,087 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Weyerhaeuser by 32.3% during the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock valued at $93,584,000 after acquiring an additional 804,650 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Insider Transactions at Weyerhaeuser

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Truist Financial cut their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Royal Bank of Canada boosted their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.83.

Weyerhaeuser Trading Down 0.1 %

WY stock opened at $33.07 on Thursday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 30.06 and a beta of 1.40. The business has a 50 day simple moving average of $31.61 and a two-hundred day simple moving average of $31.06.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. Research analysts anticipate that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.42%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

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.