Denali Advisors LLC Trims Stake in Weyerhaeuser (NYSE:WY)

Denali Advisors LLC lessened its holdings in Weyerhaeuser (NYSE:WY) by 24.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,296 shares of the real estate investment trust’s stock after selling 5,600 shares during the quarter. Denali Advisors LLC’s holdings in Weyerhaeuser were worth $491,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new position in Weyerhaeuser in the 2nd quarter worth about $1,218,000. Moors & Cabot Inc. grew its holdings in shares of Weyerhaeuser by 0.8% during the second quarter. Moors & Cabot Inc. now owns 57,985 shares of the real estate investment trust’s stock worth $1,646,000 after purchasing an additional 472 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Weyerhaeuser in the second quarter worth approximately $13,928,000. Dimensional Fund Advisors LP raised its stake in Weyerhaeuser by 27.5% in the second quarter. Dimensional Fund Advisors LP now owns 565,350 shares of the real estate investment trust’s stock valued at $16,050,000 after purchasing an additional 121,808 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Weyerhaeuser by 31.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,178,841 shares of the real estate investment trust’s stock valued at $90,247,000 after purchasing an additional 769,149 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Up 2.3 %

Shares of NYSE:WY opened at $33.25 on Wednesday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $30.63 and its 200-day moving average price is $31.21. The stock has a market capitalization of $24.18 billion, a P/E ratio of 30.23 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. Weyerhaeuser’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 earnings per share. On average, equities analysts anticipate that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Analysts Set New Price Targets

WY has been the topic of a number of research analyst reports. DA Davidson decreased their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Truist Financial dropped their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Citigroup dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.83.

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.