Bfsg LLC Sells 5,371 Shares of Weyerhaeuser (NYSE:WY)

Bfsg LLC reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 2.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 191,230 shares of the real estate investment trust’s stock after selling 5,371 shares during the period. Bfsg LLC’s holdings in Weyerhaeuser were worth $6,475,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Fisher Asset Management LLC grew its stake in Weyerhaeuser by 131.5% in the fourth quarter. Fisher Asset Management LLC now owns 24,002 shares of the real estate investment trust’s stock worth $835,000 after purchasing an additional 13,632 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth $264,000. CWM LLC grew its position in shares of Weyerhaeuser by 9.3% during the 1st quarter. CWM LLC now owns 16,184 shares of the real estate investment trust’s stock worth $581,000 after buying an additional 1,380 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Weyerhaeuser by 9.4% during the first quarter. GAMMA Investing LLC now owns 10,410 shares of the real estate investment trust’s stock valued at $374,000 after buying an additional 894 shares during the period. Finally, Czech National Bank raised its holdings in shares of Weyerhaeuser by 0.5% in the first quarter. Czech National Bank now owns 128,455 shares of the real estate investment trust’s stock valued at $4,613,000 after acquiring an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. DA Davidson reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Up 1.3 %

Shares of WY opened at $33.47 on Thursday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $31.78 and a two-hundred day simple moving average of $30.97. The company has a market capitalization of $24.34 billion, a PE ratio of 32.50 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. As a group, equities analysts forecast that Weyerhaeuser will post 0.51 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 77.67%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

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.