Weyerhaeuser (NYSE:WY) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lowered its stake in shares of Weyerhaeuser (NYSE:WY) by 44.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,005 shares of the real estate investment trust’s stock after selling 820 shares during the quarter. First Horizon Advisors Inc.’s holdings in Weyerhaeuser were worth $35,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC increased its stake in Weyerhaeuser by 15.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 875 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after purchasing an additional 8,031 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Weyerhaeuser by 18.3% during the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust’s stock worth $13,057,000 after purchasing an additional 65,808 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Weyerhaeuser in the fourth quarter valued at approximately $36,237,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Weyerhaeuser by 21.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after buying an additional 96,900 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several brokerages have commented on WY. Royal Bank of Canada decreased their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Truist Financial reaffirmed 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 Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Finally, BMO Capital Markets lifted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.67.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $30.73 on Thursday. The firm has a market cap of $22.40 billion, a PE ratio of 27.94 and a beta of 1.47. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $33.61 and a 200 day moving average price of $32.80.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

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.