SVB Wealth LLC Raises Stake in Weyerhaeuser (NYSE:WY)

SVB Wealth LLC increased its stake in shares of Weyerhaeuser (NYSE:WY) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,349 shares of the real estate investment trust’s stock after buying an additional 351 shares during the period. SVB Wealth LLC’s holdings in Weyerhaeuser were worth $395,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on WY shares. BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. Five research 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 stock has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $31.47 on Monday. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $22.96 billion, a PE ratio of 27.37 and a beta of 1.43. The business’s 50-day moving average price is $34.11 and its 200-day moving average price is $32.70. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued 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. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. Weyerhaeuser’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Sell-side analysts forecast that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.54%. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Insider Activity at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 5,807 shares in the company, valued at approximately $195,347.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David M. Wold sold 924 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock worth $1,455,609 in the last ninety days. 0.30% of the stock is owned by company insiders.

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.