SFE Investment Counsel Reduces Holdings in Weyerhaeuser (NYSE:WY)

SFE Investment Counsel trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 140,062 shares of the real estate investment trust’s stock after selling 706 shares during the quarter. SFE Investment Counsel’s holdings in Weyerhaeuser were worth $4,870,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WY. Norges Bank acquired a new position in Weyerhaeuser during the fourth quarter worth $485,095,000. Wellington Management Group LLP boosted its stake in Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after buying an additional 3,573,013 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in Weyerhaeuser by 376.3% during the third quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock worth $63,418,000 after buying an additional 1,634,125 shares during the last quarter. BlackRock Inc. boosted its stake in Weyerhaeuser by 2.5% during the first quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock worth $1,819,535,000 after buying an additional 1,484,895 shares during the last quarter. Finally, FMR LLC boosted its stake in Weyerhaeuser by 64.5% during the third quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after buying an additional 1,242,972 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY traded down $0.19 during mid-day trading on Thursday, hitting $31.33. The company’s stock had a trading volume of 1,826,608 shares, compared to its average volume of 3,422,929. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The firm has a 50-day simple moving average of $34.18 and a 200 day simple moving average of $32.66. The firm has a market capitalization of $22.86 billion, a P/E ratio of 27.41 and a beta of 1.43. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Analysts predict that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.20 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

Insider Activity

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the transaction, the director now owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO David M. Wold sold 924 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock valued at $1,455,609 in the last three months. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial restated a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.00.

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.