Bradley Foster & Sargent Inc. CT Lowers Stock Holdings in Weyerhaeuser (NYSE:WY)

Bradley Foster & Sargent Inc. CT reduced its position in shares of Weyerhaeuser (NYSE:WY) by 20.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,101 shares of the real estate investment trust’s stock after selling 99,023 shares during the period. Bradley Foster & Sargent Inc. CT owned about 0.05% of Weyerhaeuser worth $11,274,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in Weyerhaeuser during the 2nd quarter worth about $26,000. American National Bank boosted its stake in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $33,000. Park Place Capital Corp lifted its stake in Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in Weyerhaeuser in the 1st quarter valued at approximately $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Truist Financial cut their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Royal Bank of Canada increased their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average price target of $35.83.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $33.25 on Wednesday. The firm’s 50 day moving average is $30.63 and its two-hundred day moving average is $31.21. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a market capitalization of $24.18 billion, a P/E ratio of 30.23 and a beta of 1.40. 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 (NYSE:WY) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.32 EPS. Weyerhaeuser’s revenue was up 3.1% compared to the same quarter last year. Analysts anticipate that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced 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. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

Insider Buying and Selling

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

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.