Kentucky Retirement Systems Insurance Trust Fund Buys 751 Shares of Weyerhaeuser (NYSE:WY)

Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Weyerhaeuser (NYSE:WY – Get Rating) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,769 shares of the real estate investment trust’s stock after purchasing an additional 751 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Weyerhaeuser were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG boosted its position in Weyerhaeuser by 0.5% during the third quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 60,020 shares of the real estate investment trust’s stock worth $2,135,000 after purchasing an additional 271 shares during the period. Marble Harbor Investment Counsel LLC boosted its position in shares of Weyerhaeuser by 1.7% in the third quarter. Marble Harbor Investment Counsel LLC now owns 18,118 shares of the real estate investment trust’s stock valued at $644,000 after acquiring an additional 300 shares during the period. OLD Point Trust & Financial Services N A boosted its position in shares of Weyerhaeuser by 0.4% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 68,680 shares of the real estate investment trust’s stock valued at $2,828,000 after acquiring an additional 300 shares during the period. Parallel Advisors LLC boosted its position in shares of Weyerhaeuser by 4.1% in the third quarter. Parallel Advisors LLC now owns 10,044 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 393 shares during the period. Finally, Clarius Group LLC boosted its position in shares of Weyerhaeuser by 3.5% in the fourth quarter. Clarius Group LLC now owns 11,700 shares of the real estate investment trust’s stock valued at $482,000 after acquiring an additional 400 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

WY stock traded up $0.92 during midday trading on Tuesday, reaching $40.74. The company had a trading volume of 67,541 shares, compared to its average volume of 4,339,811. The company has a market capitalization of $30.44 billion, a price-to-earnings ratio of 11.48 and a beta of 1.66. The stock has a 50 day moving average price of $39.25 and a 200-day moving average price of $38.86. Weyerhaeuser has a 1-year low of $32.65 and a 1-year high of $43.04. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.29 and a quick ratio of 2.74.

Weyerhaeuser (NYSE:WY – Get Rating) last posted its quarterly earnings results on Thursday, January 27th. The real estate investment trust reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.17 billion. Weyerhaeuser had a return on equity of 24.73% and a net margin of 25.56%. Weyerhaeuser’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 earnings per share. As a group, research analysts anticipate that Weyerhaeuser will post 2.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 4th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 3rd. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.17. Weyerhaeuser’s payout ratio is 20.75%.

Separately, StockNews.com assumed coverage on shares of Weyerhaeuser in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Buy” and a consensus target price of $41.00.

Weyerhaeuser Profile (Get Rating)

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.

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