Associated Banc Corp Trims Stake in Weyerhaeuser (NYSE:WY)

Associated Banc Corp cut its stake in shares of Weyerhaeuser (NYSE:WY) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,449 shares of the real estate investment trust’s stock after selling 1,535 shares during the period. Associated Banc Corp’s holdings in Weyerhaeuser were worth $2,521,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Quadrature Capital Ltd bought a new stake in Weyerhaeuser during the 1st quarter worth approximately $340,000. Janus Henderson Group PLC boosted its stake in shares of Weyerhaeuser by 4.7% in the first quarter. Janus Henderson Group PLC now owns 451,478 shares of the real estate investment trust’s stock worth $16,211,000 after acquiring an additional 20,425 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Weyerhaeuser by 29.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 63,776 shares of the real estate investment trust’s stock worth $2,290,000 after purchasing an additional 14,528 shares in the last quarter. California State Teachers Retirement System raised its stake in Weyerhaeuser by 0.6% during the 1st quarter. California State Teachers Retirement System now owns 1,159,899 shares of the real estate investment trust’s stock valued at $41,652,000 after purchasing an additional 7,133 shares during the period. Finally, Tidal Investments LLC boosted its stake in Weyerhaeuser by 19.6% in the 1st quarter. Tidal Investments LLC now owns 184,561 shares of the real estate investment trust’s stock worth $6,628,000 after purchasing an additional 30,258 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

WY stock opened at $32.23 on Tuesday. The business’s fifty day moving average price is $32.27 and its 200 day moving average price is $30.79. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a market capitalization of $23.42 billion, a PE ratio of 43.55 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Truist Financial upped their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. DA Davidson lowered their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.33.

Insider Buying and Selling at Weyerhaeuser

In other news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by insiders.

Weyerhaeuser 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.