Yousif Capital Management LLC Cuts Position in Weyerhaeuser (NYSE:WY)

Yousif Capital Management LLC trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 128,464 shares of the real estate investment trust’s stock after selling 4,593 shares during the period. Yousif Capital Management LLC’s holdings in Weyerhaeuser were worth $4,467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Wellington Management Group LLP grew its stake in Weyerhaeuser by 22.7% during the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after buying an additional 3,573,013 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Weyerhaeuser by 376.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock worth $63,418,000 after acquiring an additional 1,634,125 shares during the period. FMR LLC lifted its position in Weyerhaeuser by 64.5% during the 3rd quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after acquiring an additional 1,242,972 shares during the period. Barclays PLC lifted its position in Weyerhaeuser by 47.1% during the 3rd quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock worth $103,489,000 after acquiring an additional 1,080,407 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Weyerhaeuser during the 4th quarter worth about $36,237,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on WY shares. BMO Capital Markets lifted 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 issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Truist Financial reissued a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.00.

Insiders Place Their Bets

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

Weyerhaeuser Price Performance

NYSE:WY opened at $31.05 on Friday. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The stock has a 50 day moving average of $33.94 and a two-hundred day moving average of $32.71. 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 cap of $22.65 billion, a P/E ratio of 28.23 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a return on equity of 6.98% and a net margin of 10.57%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $0.21 EPS. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts expect that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s payout ratio is 72.73%.

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.