Confluence Investment Management LLC Has $43.74 Million Holdings in Weyerhaeuser Company $WY

Confluence Investment Management LLC cut its stake in Weyerhaeuser Company (NYSE:WY) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,764,467 shares of the real estate investment trust’s stock after selling 151,019 shares during the period. Confluence Investment Management LLC owned approximately 0.24% of Weyerhaeuser worth $43,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of WY. Hantz Financial Services Inc. raised its position in shares of Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares during the last quarter. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser during the first quarter valued at about $29,000. Private Wealth Asset Management LLC raised its holdings in Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 807 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $41,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $49,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WY shares. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. CIBC reissued an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research report on Friday, December 12th. Finally, Bank of America reissued a “neutral” rating and issued a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.88.

Weyerhaeuser Stock Up 1.0%

Shares of NYSE WY opened at $23.72 on Tuesday. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $31.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23. The business has a fifty day moving average of $22.77 and a two-hundred day moving average of $24.64. The stock has a market cap of $17.10 billion, a PE ratio of 52.70, a PEG ratio of 122.96 and a beta of 1.08.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company posted $0.05 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s payout ratio is 186.67%.

Insider Buying and Selling

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,500 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the transaction, the director owned 25,978 shares in the company, valued at $613,340.58. This trade represents a 20.95% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer directly owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.