Knights of Columbus Asset Advisors LLC Sells 27,792 Shares of Weyerhaeuser Company $WY

Knights of Columbus Asset Advisors LLC cut its stake in Weyerhaeuser Company (NYSE:WY) by 37.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,412 shares of the real estate investment trust’s stock after selling 27,792 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Weyerhaeuser were worth $1,135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Essential Partners LLC lifted its holdings in Weyerhaeuser by 120,800.0% during the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,208 shares in the last quarter. Nvwm LLC boosted its position in Weyerhaeuser by 174.7% in the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 800 shares during the period. Versant Capital Management Inc grew its stake in Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 617 shares in the last quarter. Addison Advisors LLC grew its stake in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 757 shares in the last quarter. Finally, Bayban bought a new position in Weyerhaeuser in the 4th quarter worth about $41,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WY has been the subject of several research analyst reports. Truist Financial reaffirmed a “hold” rating and set a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a report on Thursday, April 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Weyerhaeuser in a research report on Friday, July 17th. Finally, Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Price Performance

Shares of WY opened at $24.55 on Friday. The company has a 50 day moving average price of $24.35 and a 200-day moving average price of $24.53. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.75. The stock has a market capitalization of $17.70 billion, a PE ratio of 37.78, a PEG ratio of 1.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. Weyerhaeuser’s revenue was down 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. Equities analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $0.21 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 129.23%.

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.