Weyerhaeuser (NYSE:WY) Shares Purchased by Simplicity Solutions LLC

Simplicity Solutions LLC raised its position in shares of Weyerhaeuser (NYSE:WY) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,149 shares of the real estate investment trust’s stock after purchasing an additional 474 shares during the quarter. Simplicity Solutions LLC’s holdings in Weyerhaeuser were worth $422,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Lawson Kroeker Investment Management Inc. NE raised its stake in Weyerhaeuser by 4.0% during the fourth quarter. Lawson Kroeker Investment Management Inc. NE now owns 24,008 shares of the real estate investment trust’s stock valued at $835,000 after buying an additional 933 shares in the last quarter. Cerity Partners LLC raised its position in shares of Weyerhaeuser by 14.0% during the 4th quarter. Cerity Partners LLC now owns 99,500 shares of the real estate investment trust’s stock worth $3,460,000 after purchasing an additional 12,225 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Weyerhaeuser by 9.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 180,133 shares of the real estate investment trust’s stock worth $6,263,000 after purchasing an additional 15,657 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Weyerhaeuser by 4.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 60,128 shares of the real estate investment trust’s stock worth $2,091,000 after purchasing an additional 2,547 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

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

Weyerhaeuser Stock Down 0.5 %

WY opened at $31.35 on Friday. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The stock has a market cap of $22.87 billion, a P/E ratio of 27.26 and a beta of 1.43. The stock’s 50 day moving average price is $34.15 and its 200 day moving average price is $32.65.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. As a group, research analysts predict that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 69.57%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Keith O’rear sold 8,349 shares of the firm’s 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 sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,699 shares of company stock valued at $1,455,609. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Company 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.