Syntal Capital Partners LLC boosted its stake in Weyerhaeuser Company (NYSE:WY) by 38.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,602 shares of the real estate investment trust’s stock after purchasing an additional 2,404 shares during the period. Syntal Capital Partners LLC’s holdings in Weyerhaeuser were worth $292,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Barnett & Company Inc. bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at $101,000. Dupont Capital Management Corp bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at $109,000. Alexandria Capital LLC boosted its holdings in Weyerhaeuser by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 12 shares during the period. Gemmer Asset Management LLC boosted its holdings in Weyerhaeuser by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 20 shares during the period. Finally, First Command Bank boosted its holdings in Weyerhaeuser by 73.1% in the 2nd quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 1,765 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. Weyerhaeuser’s quarterly revenue was up 9.5% compared to the same quarter last year.
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Several research analysts recently weighed in on WY shares. Zacks Investment Research raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, July 7th. BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Goldman Sachs Group, Inc. (The) downgraded shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a report on Monday, July 31st. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $28.58 to $36.00 in a report on Monday, August 14th. Finally, JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.20.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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