EverSource Wealth Advisors LLC Raises Stake in Weyerhaeuser (NYSE:WY)

EverSource Wealth Advisors LLC raised its stake in Weyerhaeuser (NYSE:WY) by 31.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,502 shares of the real estate investment trust’s stock after buying an additional 603 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Weyerhaeuser were worth $71,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American National Bank grew its holdings in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth $33,000. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser during the 2nd quarter worth $26,000. Itau Unibanco Holding S.A. purchased a new position in shares of Weyerhaeuser during the 2nd quarter worth $27,000. Finally, Register Financial Advisors LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WY. Royal Bank of Canada increased their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Truist Financial decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, Citigroup decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.83.

Weyerhaeuser Price Performance

WY stock opened at $33.76 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The firm has a market capitalization of $24.61 billion, a P/E ratio of 30.69 and a beta of 1.40. The business’s 50-day moving average is $31.19 and its two-hundred day moving average is $31.19. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. Weyerhaeuser’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Analysts anticipate that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

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.