Inspire Trust Co. N.A. Increases Stock Holdings in Weyerhaeuser Company $WY

Inspire Trust Co. N.A. increased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 16.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 235,200 shares of the real estate investment trust’s stock after acquiring an additional 33,200 shares during the quarter. Weyerhaeuser accounts for 1.1% of Inspire Trust Co. N.A.’s portfolio, making the stock its 29th biggest position. Inspire Trust Co. N.A.’s holdings in Weyerhaeuser were worth $5,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 409 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Weyerhaeuser by 23.6% during 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. grew its position in Weyerhaeuser by 6.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 500 shares in the last quarter. Cromwell Holdings LLC increased its stake in Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 521 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research analyst reports. Bank of America restated a “neutral” rating and issued a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Citigroup upped their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, February 13th. DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Monday, February 2nd. Finally, Truist Financial boosted their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Stock Down 1.0%

Shares of NYSE WY opened at $25.29 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The stock has a market capitalization of $18.22 billion, a PE ratio of 57.47 and a beta of 1.03. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $31.66. The business’s fifty day moving average price is $25.42 and its 200-day moving average price is $24.52.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. On average, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Insider Buying and Selling at Weyerhaeuser

In related news, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Beckwitt acquired 20,000 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares in the company, valued at $618,496.20. This represents a 491.88% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 28,500 shares of company stock valued at $721,645. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser 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.