Voya Investment Management LLC Has $10.16 Million Stock Holdings in Weyerhaeuser Company $WY

Voya Investment Management LLC trimmed its stake in shares of Weyerhaeuser Company (NYSE:WY) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,115 shares of the real estate investment trust’s stock after selling 44,731 shares during the quarter. Voya Investment Management LLC’s holdings in Weyerhaeuser were worth $10,164,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in Weyerhaeuser during the 4th quarter worth approximately $27,000. GKV Capital Management Co. Inc. acquired a new position in Weyerhaeuser in the 1st quarter valued at approximately $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at approximately $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser in the 1st quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new position in Weyerhaeuser in the 1st quarter valued at approximately $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. DA Davidson decreased their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. Truist Financial decreased their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, July 1st. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. Finally, Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average target price of $32.75.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at $543,178.62. The trade was a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Up 0.5%

Shares of NYSE WY opened at $24.95 on Wednesday. The firm has a market cap of $18.00 billion, a PE ratio of 65.66, a P/E/G ratio of 78.49 and a beta of 1.07. Weyerhaeuser Company has a 12-month low of $24.10 and a 12-month high of $34.03. The company’s fifty day simple moving average is $25.72 and its 200 day simple moving average is $26.54. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, sell-side analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio is currently 221.05%.

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.