Weyerhaeuser (NYSE:WY) Holdings Raised by Stevens Capital Management LP

Stevens Capital Management LP boosted its holdings in Weyerhaeuser (NYSE:WY) by 46.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 35,442 shares of the real estate investment trust’s stock after acquiring an additional 11,289 shares during the period. Stevens Capital Management LP’s holdings in Weyerhaeuser were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in WY. Millburn Ridgefield Corp acquired a new position in Weyerhaeuser during the 3rd quarter valued at approximately $25,000. Raleigh Capital Management Inc. boosted its holdings in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser during the fourth quarter worth about $26,000. Lindbrook Capital LLC increased its holdings in shares of Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the period. Finally, Rational Advisors LLC bought a new stake in Weyerhaeuser in the 3rd quarter valued at about $40,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.3 %

NYSE:WY traded down $0.41 during trading hours on Friday, reaching $31.05. The company’s stock had a trading volume of 3,616,653 shares, compared to its average volume of 3,417,750. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The business’s 50-day moving average is $33.98 and its 200-day moving average is $32.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 27.00 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. Equities research analysts predict that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.58%. Weyerhaeuser’s payout ratio is presently 69.57%.

Insider Buying and Selling

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,699 shares of company stock valued at $1,455,609. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial restated a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $38.00.

Weyerhaeuser 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.