Burns Matteson Capital Management LLC Sells 30,368 Shares of Weyerhaeuser Company $WY

Burns Matteson Capital Management LLC decreased its position in shares of Weyerhaeuser Company (NYSE:WY) by 33.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,880 shares of the real estate investment trust’s stock after selling 30,368 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Weyerhaeuser were worth $1,509,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WY. GKV Capital Management Co. Inc. acquired a new stake in Weyerhaeuser in the first quarter worth $29,000. Hantz Financial Services Inc. lifted its holdings in 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 worth $29,000 after acquiring an additional 521 shares in the last quarter. Private Wealth Asset Management LLC grew its stake in Weyerhaeuser by 135.2% in the second 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 during the period. Operose Advisors LLC acquired a new position in Weyerhaeuser in the second quarter valued at about $41,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth about $49,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.1%

Weyerhaeuser stock opened at $23.74 on Friday. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 52.75, a P/E/G ratio of 124.42 and a beta of 1.08. The firm has a 50-day moving average of $22.77 and a 200-day moving average of $24.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.13. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.Weyerhaeuser’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. On average, equities 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. Investors of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WY. Bank of America reiterated a “neutral” rating and issued a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Truist Financial reduced their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Finally, Royal Bank Of Canada lowered their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.88.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis acquired 4,500 shares of the stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the purchase, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. The trade was a 8.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.27% of the stock is currently owned by insiders.

About Weyerhaeuser

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.