Weyerhaeuser (NYSE:WY) Shares Bought by Simplicity Solutions LLC

Simplicity Solutions LLC boosted its position in shares of Weyerhaeuser (NYSE:WY) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,149 shares of the real estate investment trust’s stock after buying an additional 474 shares during the period. Simplicity Solutions LLC’s holdings in Weyerhaeuser were worth $422,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new position in Weyerhaeuser during the second quarter worth approximately $26,000. Millburn Ridgefield Corp acquired a new position in Weyerhaeuser during the third quarter worth approximately $25,000. Raleigh Capital Management Inc. increased its position in Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 728 shares during the period. Finally, Tyler Stone Wealth Management purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction 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 sale, the director now owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,699 shares of company stock worth $1,455,609. 0.27% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Weyerhaeuser Stock Down 0.5 %

Weyerhaeuser stock opened at $31.35 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The company has a market cap of $22.87 billion, a PE ratio of 27.26 and a beta of 1.43. The stock’s 50 day moving average price is $34.15 and its 200 day moving average price is $32.65.

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

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s payout ratio is presently 69.57%.

About Weyerhaeuser

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.