Northwest Bank & Trust Co Buys Shares of 1,081 Weyerhaeuser (NYSE:WY)

Northwest Bank & Trust Co purchased a new position in shares of Weyerhaeuser (NYSE:WY) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,081 shares of the real estate investment trust’s stock, valued at approximately $38,000.

A number of other institutional investors have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Weyerhaeuser during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. lifted its holdings in shares of Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 728 shares during the period. Lindbrook Capital LLC boosted its position in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Weyerhaeuser in the fourth quarter valued at approximately $43,000. Finally, Creekmur Asset Management LLC purchased a new stake in Weyerhaeuser in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WY. BMO Capital Markets increased their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Royal Bank of Canada reduced their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Truist Financial reissued a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Finally, CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.67.

Weyerhaeuser Stock Down 0.1 %

NYSE WY traded down $0.02 during trading hours on Friday, hitting $29.00. The company had a trading volume of 3,378,078 shares, compared to its average volume of 3,208,325. The firm’s 50 day moving average is $30.92 and its 200 day moving average is $32.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. Weyerhaeuser has a fifty-two week low of $28.26 and a fifty-two week high of $36.27. The company has a market capitalization of $21.14 billion, a price-to-earnings ratio of 26.36 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Sell-side analysts anticipate that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insider Transactions at Weyerhaeuser

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 shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $170,226. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.