New York State Common Retirement Fund Sells 77,600 Shares of Weyerhaeuser Company $WY

New York State Common Retirement Fund trimmed its holdings in Weyerhaeuser Company (NYSE:WY) by 12.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 561,874 shares of the real estate investment trust’s stock after selling 77,600 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Weyerhaeuser worth $13,929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC raised its holdings in shares of Weyerhaeuser by 4.2% during the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 409 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in Weyerhaeuser by 11.1% in the 2nd quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 500 shares during the period. Cromwell Holdings LLC raised its stake in Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares during the last quarter. Cidel Asset Management Inc. lifted its holdings in shares of Weyerhaeuser by 6.8% during the 2nd quarter. Cidel Asset Management Inc. now owns 8,167 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 520 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings 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 buying an additional 521 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE WY opened at $25.87 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of 58.79, a PEG ratio of 94.50 and a beta of 1.04. The company’s 50 day moving average is $24.21 and its two-hundred day moving average is $24.42.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. As a group, research analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s payout ratio is presently 190.91%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 25,978 shares of the company’s stock, valued at $613,340.58. This trade represents a 20.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. This trade represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. CIBC restated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday, December 29th. Finally, New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $28.63.

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.