Bleakley Financial Group LLC Has $422,000 Holdings in Weyerhaeuser (NYSE:WY)

Bleakley Financial Group LLC raised its stake in Weyerhaeuser (NYSE:WY) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,149 shares of the real estate investment trust’s stock after acquiring an additional 474 shares during the quarter. Bleakley Financial Group LLC’s holdings in Weyerhaeuser were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of WY. Fairfield Bush & CO. acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $52,000. Cibc World Market Inc. bought a new position in Weyerhaeuser during the 1st quarter worth approximately $1,440,000. Dimensional Fund Advisors LP boosted its stake in Weyerhaeuser by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 414,977 shares of the real estate investment trust’s stock worth $15,730,000 after acquiring an additional 5,984 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Weyerhaeuser by 2.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,422 shares of the real estate investment trust’s stock worth $1,570,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Weyerhaeuser by 10.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 6,381 shares of the real estate investment trust’s stock worth $242,000 after acquiring an additional 596 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets lifted their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $38.00.

Insider Transactions at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock valued at $1,455,609 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

Weyerhaeuser Stock Performance

Shares of WY opened at $33.24 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The firm’s 50 day moving average price is $34.22 and its two-hundred day moving average price is $32.64. The firm has a market cap of $24.25 billion, a P/E ratio of 28.90 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. On average, analysts forecast that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is currently 69.57%.

About Weyerhaeuser

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.