Halsey Associates Inc. CT Purchases Shares of 7,840 Weyerhaeuser Co (NYSE:WY)

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Halsey Associates Inc. CT acquired a new position in shares of Weyerhaeuser Co (NYSE:WY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,840 shares of the real estate investment trust’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allworth Financial LP lifted its position in shares of Weyerhaeuser by 85.7% during the third quarter. Allworth Financial LP now owns 925 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 427 shares in the last quarter. NuWave Investment Management LLC acquired a new position in shares of Weyerhaeuser during the second quarter worth $30,000. Rational Advisors LLC acquired a new position in shares of Weyerhaeuser during the second quarter worth $30,000. NEXT Financial Group Inc lifted its position in shares of Weyerhaeuser by 197.3% during the second quarter. NEXT Financial Group Inc now owns 1,189 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 789 shares in the last quarter. Finally, Personal Wealth Partners acquired a new position in shares of Weyerhaeuser during the second quarter worth $33,000. Institutional investors own 76.27% of the company’s stock.

WY traded up $0.27 during trading on Wednesday, hitting $29.60. The company had a trading volume of 3,934,000 shares, compared to its average volume of 4,205,047. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.55 and a quick ratio of 1.22. Weyerhaeuser Co has a 1-year low of $20.52 and a 1-year high of $30.28. The business has a 50-day moving average of $29.20 and a 200-day moving average of $26.54. The company has a market cap of $22.06 billion, a PE ratio of 25.08 and a beta of 1.65.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 25th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Weyerhaeuser had a negative net margin of 2.33% and a positive return on equity of 3.78%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the firm earned $0.28 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. Research analysts forecast that Weyerhaeuser Co will post 0.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.36 annualized dividend and a yield of 4.59%. Weyerhaeuser’s payout ratio is 115.25%.

A number of research analysts have recently commented on WY shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Weyerhaeuser in a report on Tuesday, September 17th. BMO Capital Markets set a $32.00 price target on shares of Weyerhaeuser and gave the company a “buy” rating in a report on Tuesday, September 17th. Argus upped their price target on shares of Weyerhaeuser to $32.00 and gave the company a “buy” rating in a report on Monday, November 18th. Bank of America set a $31.00 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Scotiabank set a $28.50 price target on shares of Weyerhaeuser and gave the company a “hold” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $30.64.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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