Bradley Foster & Sargent Inc. CT Sells 46,752 Shares of Weyerhaeuser Company $WY

Bradley Foster & Sargent Inc. CT lowered its stake in Weyerhaeuser Company (NYSE:WY) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 394,966 shares of the real estate investment trust’s stock after selling 46,752 shares during the quarter. Bradley Foster & Sargent Inc. CT owned about 0.05% of Weyerhaeuser worth $9,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings 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 worth $29,000 after acquiring an additional 521 shares during the period. Tradewinds Capital Management LLC boosted its stake in Weyerhaeuser by 401.3% in the 3rd 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. Cromwell Holdings LLC increased its holdings 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 worth $34,000 after purchasing an additional 501 shares in the last quarter. Operose Advisors LLC bought a new position in Weyerhaeuser during the 2nd quarter worth about $41,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Weyerhaeuser in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 2.0%

WY stock opened at $24.39 on Thursday. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 55.42 and a beta of 1.03. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $31.66. The business has a 50 day moving average price of $25.50 and a two-hundred day moving average price of $24.50. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

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

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.

Insider Activity

In other news, Director James Calvin O’rourke bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This trade represents a 16.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of Weyerhaeuser stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $23.61 per share, with a total value of $106,245.00. Following the acquisition, the director directly 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 SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 28,500 shares of company stock worth $721,645. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America reaffirmed a “neutral” rating and set a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Citigroup raised their price target on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.88.

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.