Hudson Valley Investment Advisors Ups Stake in Weyerhaeuser by 91.2%

Hudson Valley Investment Advisors made a bold move by increasing their stake in Weyerhaeuser. The firm now holds 248,317 shares of WY, making them the stock's 24th largest shareholder with a stake valued at around $8 million. This significant play showcases Hudson Valley's confidence in the real estate investment trust (REIT) space.

Hudson Valley Investment Advisors Increases Stake in Weyerhaeuser

What's the scoop on Hudson Valley Investment Advisors' recent stock play?

Hudson Valley Investment Advisors has made a significant move in the real estate investment trust (REIT) space, increasing its stake in Weyerhaeuser (NYSE: WY) by a whopping 91.2% in the fourth quarter. The firm now holds 248,317 shares of WY, making it the stock's 24th largest shareholder. At current market prices, Hudson Valley's stake is valued at approximately $8 million.

Other Hedge Funds Eyeing Weyerhaeuser

Is Hudson Valley the only one betting on Weyerhaeuser?

Nope. Several other hedge funds have also made moves in the company's stock. Norges Bank, a Norwegian sovereign wealth fund, acquired a new stake in WY valued at nearly half a billion dollars in the fourth quarter. Wellington Management Group and Jupiter Asset Management both increased their positions by significant percentages, while BlackRock and FMR LLC also boosted their holdings.

Institutional Investors Flock to Weyerhaeuser

Who's behind the scenes at Weyerhaeuser?

Institutional investors hold a hefty 79.54% of Weyerhaeuser's outstanding shares. This shows that big money is betting on the company's long-term prospects.

Analysts Weigh In on Weyerhaeuser

What do the experts think?

Analysts have mixed views on Weyerhaeuser. CIBC has assigned a neutral rating with a $37.00 price target, while BMO Capital Markets has upgraded the stock to market perform with a $38.00 target. Royal Bank of Canada is bullish, reiterating an outperform rating with a $39.00 target. However, Raymond James and StockNews.com have downgraded the stock to market perform and hold, respectively.

Weyerhaeuser's Financials

How's Weyerhaeuser doing financially?

Weyerhaeuser reported solid earnings in its latest quarterly report. The company beat analysts' estimates by $0.02, posting earnings per share of $0.16. Revenue came in slightly below expectations at $1.77 billion. Despite a 2.7% decline in quarterly revenue compared to the same period last year, analysts remain optimistic, projecting earnings per share of $1.03 for the current fiscal year.

Weyerhaeuser Raises Dividend

What's the dividend story?

Good news for income investors! Weyerhaeuser recently announced a quarterly dividend of $0.20 per share, payable on March 22nd. This represents a $0.80 annualized dividend and a yield of 2.25%. Weyerhaeuser has increased its dividend over the past year, providing a steady stream of income for shareholders.

Insider Trading at Weyerhaeuser

Who's buying and selling inside Weyerhaeuser?

Insiders have been relatively active in Weyerhaeuser's stock. CFO David M. Wold sold 923 shares in January, while SVP Denise M. Merle sold 7,500 shares in December. Despite these sales, insiders still own a significant 0.27% of the company's shares.

About Weyerhaeuser

Who is Weyerhaeuser, anyway?

Weyerhaeuser is a major player in the timber industry, owning or controlling approximately 11 million acres of timberlands in the U.S. and Canada. The company operates sustainably, adhering to internationally recognized forestry standards.