Vident Advisory LLC Raises Stake in Weyerhaeuser (NYSE:WY)

Vident Advisory LLC grew its stake in shares of Weyerhaeuser (NYSE:WY) by 268.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 102,181 shares of the real estate investment trust’s stock after acquiring an additional 74,452 shares during the period. Vident Advisory LLC’s holdings in Weyerhaeuser were worth $3,669,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Weyerhaeuser in the 4th quarter worth about $26,000. American National Bank boosted its position in shares of Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of 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 acquiring an additional 427 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth about $33,000. Finally, Register Financial Advisors LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter worth about $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the transaction, the director now owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Up 2.7 %

Shares of WY traded up $0.82 during mid-day trading on Friday, reaching $31.13. 1,352,993 shares of the stock traded hands, compared to its average volume of 3,489,222. The firm has a market cap of $22.69 billion, a price-to-earnings ratio of 28.19 and a beta of 1.39. The stock has a fifty day simple moving average of $29.23 and a 200 day simple moving average of $31.85. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last announced 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). Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser will post 0.79 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial cut their price objective on shares of Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating on the stock in a report on Tuesday, July 16th. Royal Bank of Canada cut their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.00.

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.