Knights of Columbus Asset Advisors LLC Sells 26,588 Shares of Weyerhaeuser Company $WY

Knights of Columbus Asset Advisors LLC trimmed its position in Weyerhaeuser Company (NYSE:WY) by 29.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,912 shares of the real estate investment trust’s stock after selling 26,588 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Weyerhaeuser were worth $1,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WY. Allianz Asset Management GmbH increased its position in shares of Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after purchasing an additional 405,575 shares during the last quarter. Citigroup Inc. lifted its position in Weyerhaeuser by 68.5% in the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after buying an additional 669,451 shares during the last quarter. Principal Financial Group Inc. lifted its position in Weyerhaeuser by 2.7% in the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock worth $91,128,000 after buying an additional 97,769 shares during the last quarter. Nordea Investment Management AB boosted its stake in Weyerhaeuser by 2.1% during the fourth quarter. Nordea Investment Management AB now owns 2,370,437 shares of the real estate investment trust’s stock worth $56,310,000 after buying an additional 47,709 shares during the period. Finally, Creative Financial Designs Inc. ADV bought a new position in Weyerhaeuser during the third quarter valued at $1,154,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Citigroup reduced their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. DA Davidson reissued a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research report on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.88.

Weyerhaeuser Stock Up 0.3%

NYSE:WY opened at $24.59 on Friday. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $24.04 and a 200-day simple moving average of $24.22.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. Analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

Weyerhaeuser Profile

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.