Sittner & Nelson LLC Reduces Stock Position in Weyerhaeuser (NYSE:WY)

Sittner & Nelson LLC trimmed its holdings in Weyerhaeuser (NYSE:WY) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,769 shares of the real estate investment trust’s stock after selling 3,295 shares during the period. Weyerhaeuser makes up 1.0% of Sittner & Nelson LLC’s investment portfolio, making the stock its 22nd biggest holding. Sittner & Nelson LLC’s holdings in Weyerhaeuser were worth $2,193,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Consolidated Planning Corp purchased a new stake in shares of Weyerhaeuser in the third quarter worth about $223,000. Radnor Capital Management LLC bought a new position in Weyerhaeuser in the 3rd quarter valued at $2,128,000. Catalyst Capital Advisors LLC grew its position in shares of Weyerhaeuser by 165.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,229 shares in the last quarter. Northeast Investment Management increased its holdings in shares of Weyerhaeuser by 1.7% in the third quarter. Northeast Investment Management now owns 30,245 shares of the real estate investment trust’s stock worth $1,024,000 after purchasing an additional 500 shares during the period. Finally, Lansing Street Advisors purchased a new stake in shares of Weyerhaeuser in the third quarter worth $223,000. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

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 trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value 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. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Truist Financial raised their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. DA Davidson cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Citigroup lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Finally, Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Trading Up 1.0 %

Shares of WY stock opened at $31.74 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The business has a 50-day moving average of $32.19 and a 200 day moving average of $30.79. The stock has a market capitalization of $23.06 billion, a PE ratio of 42.89 and a beta of 1.40. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current year.

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.