Clarius Group LLC Cuts Position in Weyerhaeuser (NYSE:WY)

Clarius Group LLC lessened its holdings in Weyerhaeuser (NYSE:WY) by 5.5% 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 9,373 shares of the real estate investment trust’s stock after selling 549 shares during the quarter. Clarius Group LLC’s holdings in Weyerhaeuser were worth $326,000 at the end of the most recent quarter.

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

Insider Activity at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock worth $1,455,609 in the last quarter. 0.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Weyerhaeuser Trading Down 1.2 %

Shares of WY stock opened at $33.24 on Monday. The stock has a 50-day simple moving average of $34.22 and a 200 day simple moving average of $32.64. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The stock has a market capitalization of $24.25 billion, a P/E ratio of 28.90 and a beta of 1.43. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

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

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.41%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

Weyerhaeuser Profile

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.