SFE Investment Counsel Has $4.87 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

SFE Investment Counsel decreased its position in shares of Weyerhaeuser (NYSE:WY) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 140,062 shares of the real estate investment trust’s stock after selling 706 shares during the period. SFE Investment Counsel’s holdings in Weyerhaeuser were worth $4,870,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Weyerhaeuser by 83.2% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,050 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 931 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Weyerhaeuser by 6.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 65,685 shares of the real estate investment trust’s stock valued at $2,284,000 after buying an additional 3,711 shares in the last quarter. Guidance Capital Inc. boosted its position in Weyerhaeuser by 15.1% in the fourth quarter. Guidance Capital Inc. now owns 21,788 shares of the real estate investment trust’s stock valued at $758,000 after buying an additional 2,859 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Weyerhaeuser by 3.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,466 shares of the real estate investment trust’s stock valued at $4,745,000 after buying an additional 4,109 shares in the last quarter. Finally, United Asset Strategies Inc. acquired a new stake in Weyerhaeuser in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE WY traded down $0.19 during midday trading on Thursday, hitting $31.33. The company’s stock had a trading volume of 1,826,608 shares, compared to its average volume of 3,422,929. The stock has a fifty day moving average price of $34.18 and a 200 day moving average price of $32.66. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $22.86 billion, a price-to-earnings ratio of 27.41 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, research analysts forecast that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is 69.57%.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock valued at $1,455,609 over the last quarter. Company insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WY. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.