Baugh & Associates LLC Invests $4.56 Million in Weyerhaeuser Company $WY

Baugh & Associates LLC acquired a new stake in Weyerhaeuser Company (NYSE:WY) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 192,550 shares of the real estate investment trust’s stock, valued at approximately $4,562,000. Weyerhaeuser comprises about 2.3% of Baugh & Associates LLC’s investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds have also bought and sold shares of WY. Tradewinds Capital Management LLC lifted its holdings 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 valued at $30,000 after buying an additional 959 shares during the period. Cromwell Holdings LLC grew 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 acquiring an additional 501 shares during the period. Operose Advisors LLC acquired a new stake in Weyerhaeuser during the 2nd quarter worth about $41,000. Optiver Holding B.V. bought a new position in shares of Weyerhaeuser in the 3rd quarter worth about $42,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of Weyerhaeuser by 69.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 784 shares during the period. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WY shares. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Truist Financial lifted their target price on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Monday, February 2nd. Citigroup raised their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.88.

Insider Buying and Selling

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 shares were bought at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the acquisition, the director directly owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Beckwitt purchased 20,000 shares of Weyerhaeuser 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 transaction, the director owned 24,066 shares in the company, valued at $618,496.20. This trade represents a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Price Performance

WY stock opened at $23.88 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The company’s 50-day moving average is $25.25 and its 200-day moving average is $24.20. The stock has a market capitalization of $17.21 billion, a PE ratio of 54.27 and a beta of 1.03. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $29.62.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The business 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 firm’s revenue was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Equities research analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued 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 3.5%. Weyerhaeuser’s payout ratio is currently 190.91%.

Weyerhaeuser Company 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.