Naviter Wealth LLC Has $1.59 Million Stake in Weyerhaeuser (NYSE:WY)

Naviter Wealth LLC boosted its stake in shares of Weyerhaeuser (NYSE:WY) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 47,049 shares of the real estate investment trust’s stock after purchasing an additional 782 shares during the quarter. Naviter Wealth LLC’s holdings in Weyerhaeuser were worth $1,593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WY. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter worth approximately $26,000. American National Bank raised its position in Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the 2nd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Weyerhaeuser during the first quarter worth $33,000. 82.99% of the stock is owned by institutional investors.

Insider Activity at Weyerhaeuser

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, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction 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. 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 corporate insiders.

Weyerhaeuser Price Performance

WY opened at $32.79 on Friday. The company has a fifty day moving average price of $31.81 and a two-hundred day moving average price of $30.99. The firm has a market capitalization of $23.90 billion, a PE ratio of 29.81 and a beta of 1.40. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY) last announced 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 return on equity of 6.19% and a net margin of 9.89%. The company 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 earned $0.32 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts anticipate that Weyerhaeuser will post 0.51 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WY. Citigroup 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 Tuesday, July 30th. Truist Financial upped their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday. DA Davidson lowered their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Royal Bank of Canada upped their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and a consensus price target of $36.33.

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.