Federated Hermes Inc. Sells 125,595 Shares of Weyerhaeuser (NYSE:WY)

Federated Hermes Inc. reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,600,713 shares of the real estate investment trust’s stock after selling 125,595 shares during the period. Federated Hermes Inc. owned 0.22% of Weyerhaeuser worth $55,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascent Group LLC raised its position in shares of Weyerhaeuser by 3.8% in the 3rd quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 348 shares during the last quarter. MMA Asset Management LLC raised its holdings in Weyerhaeuser by 4.9% in the second quarter. MMA Asset Management LLC now owns 7,521 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 349 shares during the last quarter. SVB Wealth LLC lifted its stake in shares of Weyerhaeuser by 3.2% in the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 351 shares in the last quarter. Home Federal Bank of Tennessee grew its holdings in shares of Weyerhaeuser by 1.0% during the third quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock valued at $1,126,000 after buying an additional 355 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Weyerhaeuser by 0.4% during the third quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock valued at $2,793,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.4 %

Shares of NYSE:WY opened at $31.47 on Friday. The stock’s 50-day simple moving average is $34.11 and its two-hundred day simple moving average is $32.66. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 27.37 and a beta of 1.43. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94.

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

Weyerhaeuser Increases Dividend

The business 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 represents a $0.80 annualized dividend and a dividend yield of 2.54%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is 69.57%.

Insider Activity

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 shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock valued at $1,455,609 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.