Weyerhaeuser (NYSE:WY) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Weyerhaeuser (NYSE:WY) by 94.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,038 shares of the real estate investment trust’s stock after selling 878,138 shares during the period. Strs Ohio’s holdings in Weyerhaeuser were worth $1,809,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new position in Weyerhaeuser during the 2nd quarter worth approximately $26,000. Millburn Ridgefield Corp acquired a new position in Weyerhaeuser during the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its position in Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares during the period. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

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

Weyerhaeuser Price Performance

WY stock opened at $31.47 on Friday. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The stock’s 50 day moving average price is $34.11 and its 200 day moving average price is $32.68. The firm has a market cap of $22.96 billion, a P/E ratio of 27.37 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its 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. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Weyerhaeuser’s 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 firm 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 represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Insiders Place Their Bets

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 transaction, the chief financial officer now 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 available at the SEC website. 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 transaction, the chief financial officer now 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 available at the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. 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 in the last quarter. 0.27% of the stock is currently owned by company 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.