O Keefe Stevens Advisory Inc. Has $6.95 Million Stake in Weyerhaeuser Company $WY

O Keefe Stevens Advisory Inc. lowered its position in Weyerhaeuser Company (NYSE:WY) by 20.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,300 shares of the real estate investment trust’s stock after selling 74,531 shares during the period. Weyerhaeuser accounts for 1.8% of O Keefe Stevens Advisory Inc.’s portfolio, making the stock its 17th largest holding. O Keefe Stevens Advisory Inc.’s holdings in Weyerhaeuser were worth $6,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WY. Tradewinds Capital Management LLC boosted its stake in Weyerhaeuser by 401.3% in 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 in the last quarter. Cromwell Holdings LLC grew its holdings in shares of Weyerhaeuser by 58.3% during the third 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 during the last quarter. Operose Advisors LLC acquired a new stake in shares of Weyerhaeuser in the second quarter valued at $41,000. Optiver Holding B.V. acquired a new stake in shares of Weyerhaeuser in the third quarter valued at $42,000. Finally, Hantz Financial Services Inc. raised its holdings in shares of Weyerhaeuser by 69.7% in the third quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 784 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Weyerhaeuser news, Director Richard Beckwitt purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This represents a 491.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Calvin O’rourke acquired 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 2.1%

Shares of WY opened at $22.49 on Monday. The stock’s fifty day simple moving average is $25.53 and its 200-day simple moving average is $24.26. The firm has a market capitalization of $16.21 billion, a PE ratio of 51.11 and a beta of 1.03. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $30.06. 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 announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company’s revenue was down 9.8% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. As a group, research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.7%. Weyerhaeuser’s payout ratio is currently 190.91%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WY. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, February 2nd. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Six investment 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.88.

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.