Keating Investment Counselors Inc. Sells 20,150 Shares of Weyerhaeuser Company $WY

Keating Investment Counselors Inc. decreased its stake in Weyerhaeuser Company (NYSE:WY) by 35.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,784 shares of the real estate investment trust’s stock after selling 20,150 shares during the period. Keating Investment Counselors Inc.’s holdings in Weyerhaeuser were worth $912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares during the last quarter. Tradewinds Capital Management LLC lifted its position in shares of Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC lifted its position in shares of Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 501 shares during the period. Private Wealth Asset Management LLC boosted its stake in shares of Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 807 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth $41,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,500 shares of the stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the purchase, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the transaction, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WY. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Citigroup reissued a “buy” rating on shares of Weyerhaeuser in a research note on Wednesday. DA Davidson cut their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Bank of America reiterated a “neutral” rating and issued a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Finally, Royal Bank Of Canada dropped their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $25.45 on Wednesday. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $31.66. The company’s 50 day moving average price is $22.99 and its two-hundred day moving average price is $24.37. The stock has a market cap of $18.35 billion, a P/E ratio of 56.57, a P/E/G ratio of 102.13 and a beta of 1.04. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.Weyerhaeuser’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.05 earnings per share. On average, equities analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s dividend payout ratio is 186.67%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.