Weyerhaeuser (NYSE:WY) Position Trimmed by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its holdings in Weyerhaeuser (NYSE:WY) by 6.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 74,611 shares of the real estate investment trust’s stock after selling 5,239 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Weyerhaeuser were worth $2,679,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Turtle Creek Wealth Advisors LLC acquired a new position in Weyerhaeuser in the fourth quarter valued at approximately $26,000. American National Bank boosted its position in Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the period. Lindbrook Capital LLC grew its stake in Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 427 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Weyerhaeuser in the first quarter valued at $33,000. Finally, Register Financial Advisors LLC acquired a new position in shares of Weyerhaeuser during the first quarter valued at $36,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.2 %

WY stock opened at $31.20 on Tuesday. The company has a market capitalization of $22.75 billion, a price-to-earnings ratio of 28.43 and a beta of 1.39. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm’s 50-day moving average is $29.25 and its two-hundred day moving average is $31.79.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. On average, analysts forecast that Weyerhaeuser will post 0.79 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given 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 yield of 2.56%. Weyerhaeuser’s payout ratio is presently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, 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 transaction, the director now owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WY shares. DA Davidson cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial cut their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday. Finally, Royal Bank of Canada increased their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.80.

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.