Glassy Mountain Advisors Inc. Trims Stake in Weyerhaeuser (NYSE:WY)

Glassy Mountain Advisors Inc. cut its position in Weyerhaeuser (NYSE:WYGet Rating) by 4.5% in the first quarter, HoldingsChannel.com reports. The firm owned 7,520 shares of the real estate investment trust’s stock after selling 355 shares during the quarter. Glassy Mountain Advisors Inc.’s holdings in Weyerhaeuser were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC lifted its stake in Weyerhaeuser by 4.9% during the 4th quarter. Stonebridge Capital Advisors LLC now owns 5,620 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 264 shares during the period. North Star Asset Management Inc. lifted its stake in Weyerhaeuser by 1.0% during the 4th quarter. North Star Asset Management Inc. now owns 26,319 shares of the real estate investment trust’s stock valued at $1,084,000 after acquiring an additional 270 shares during the period. Kiley Juergens Wealth Management LLC lifted its stake in Weyerhaeuser by 1.7% during the 1st quarter. Kiley Juergens Wealth Management LLC now owns 16,266 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 279 shares during the period. OLD Point Trust & Financial Services N A lifted its stake in Weyerhaeuser by 0.4% during the 4th 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. Finally, Cascade Investment Advisors Inc. lifted its stake in Weyerhaeuser by 0.8% during the 1st quarter. Cascade Investment Advisors Inc. now owns 47,678 shares of the real estate investment trust’s stock valued at $1,807,000 after acquiring an additional 367 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.

NYSE WY opened at $33.46 on Wednesday. The firm’s 50-day moving average is $38.71 and its two-hundred day moving average is $39.24. Weyerhaeuser has a 12 month low of $32.58 and a 12 month high of $43.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.20. The stock has a market capitalization of $24.91 billion, a P/E ratio of 9.31 and a beta of 1.48.

Weyerhaeuser (NYSE:WYGet Rating) last issued its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.24. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The business’s quarterly revenue was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. As a group, analysts anticipate that Weyerhaeuser will post 3.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.72 annualized dividend and a dividend yield of 2.15%. Weyerhaeuser’s dividend payout ratio is presently 20.06%.

In other Weyerhaeuser news, Director Albert Monaco purchased 3,000 shares of Weyerhaeuser stock in a transaction dated Tuesday, June 7th. The shares were acquired at an average price of $38.43 per share, with a total value of $115,290.00. Following the completion of the transaction, the director now owns 27,246 shares of the company’s stock, valued at $1,047,063.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 target price for the company. in a report on Monday, May 2nd. StockNews.com lowered shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 4th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $43.25.

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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