HighTower Advisors LLC Sells 26,658 Shares of Weyerhaeuser Company $WY

HighTower Advisors LLC decreased its position in Weyerhaeuser Company (NYSE:WY) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 331,497 shares of the real estate investment trust’s stock after selling 26,658 shares during the quarter. HighTower Advisors LLC’s holdings in Weyerhaeuser were worth $8,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Weyerhaeuser by 4.2% during the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 409 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Weyerhaeuser by 23.6% in the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 488 shares during the last quarter. Wesbanco Bank Inc. raised its stake in Weyerhaeuser by 6.4% during the third quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust’s stock valued at $206,000 after purchasing an additional 500 shares in the last quarter. Cromwell Holdings LLC lifted its position in Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in 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 valued at $29,000 after purchasing an additional 521 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $25.29 on Monday. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The company’s 50-day moving average is $25.42 and its 200 day moving average is $24.51. The firm has a market capitalization of $18.22 billion, a P/E ratio of 57.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83.

Weyerhaeuser (NYSE:WY) last released 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. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was down 9.8% on a year-over-year basis. Research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced 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 3.3%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

Analyst Ratings Changes

A number of analysts have recently weighed in on WY shares. Citigroup boosted their target price on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Bank of America restated 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. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $28.88.

Insiders Place Their Bets

In other 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 completion of the sale, the chief executive officer directly owned 1,024,861 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin O’rourke purchased 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 28,661 shares in the company, 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 have acquired a total of 28,500 shares of company stock valued at $721,645 in the last three months. 0.27% of the stock is owned by company insiders.

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.