Nisa Investment Advisors LLC Sells 21,298 Shares of Weyerhaeuser Company $WY

Nisa Investment Advisors LLC trimmed its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,162 shares of the real estate investment trust’s stock after selling 21,298 shares during the period. Nisa Investment Advisors LLC’s holdings in Weyerhaeuser were worth $5,185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WY. Hantz Financial Services Inc. raised its position in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the period. Private Wealth Asset Management LLC grew its stake in shares of Weyerhaeuser by 135.2% during the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 807 shares during the period. Operose Advisors LLC bought a new stake in Weyerhaeuser in the second quarter valued at about $41,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Weyerhaeuser in the second quarter valued at about $49,000. 82.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction on 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the company’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the transaction, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. DA Davidson decreased their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Truist Financial boosted their price target on shares of Weyerhaeuser from $27.00 to $28.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. Finally, Bank of America reiterated a “neutral” rating and set a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Weyerhaeuser Stock Up 7.2%

Weyerhaeuser stock opened at $25.73 on Monday. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The company has a fifty day simple moving average of $22.86 and a 200 day simple moving average of $24.38. The company has a market cap of $18.54 billion, a P/E ratio of 57.17, a price-to-earnings-growth ratio of 102.05 and a beta of 1.04.

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

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Weyerhaeuser’s payout ratio is 186.67%.

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.