Keynote Financial Services LLC Has $381,000 Stock Holdings in Weyerhaeuser (NYSE:WY)

Keynote Financial Services LLC reduced its holdings in shares of Weyerhaeuser (NYSE:WY) by 22.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,261 shares of the real estate investment trust’s stock after selling 3,187 shares during the period. Keynote Financial Services LLC’s holdings in Weyerhaeuser were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WY. Consolidated Planning Corp acquired a new position in Weyerhaeuser during the third quarter worth $223,000. Radnor Capital Management LLC acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth about $2,128,000. Catalyst Capital Advisors LLC lifted its holdings in 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 during the last quarter. Northeast Investment Management boosted its position in Weyerhaeuser by 1.7% in the third quarter. Northeast Investment Management now owns 30,245 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 500 shares in the last quarter. Finally, Lansing Street Advisors bought a new stake in Weyerhaeuser during the third quarter worth about $223,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred 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 completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $31.74 on Friday. The company has a market cap of $23.06 billion, a PE ratio of 42.89 and a beta of 1.40. 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 1 year low of $26.73 and a 1 year high of $36.27. The company’s 50-day moving average is $32.19 and its two-hundred day moving average is $30.79.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. Equities 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.