Voya Investment Management LLC Sells 44,355 Shares of Weyerhaeuser Company $WY

Voya Investment Management LLC lessened its position in Weyerhaeuser Company (NYSE:WY) by 12.6% during the 3rd quarter, Holdings Channel reports. The firm owned 307,516 shares of the real estate investment trust’s stock after selling 44,355 shares during the quarter. Voya Investment Management LLC’s holdings in Weyerhaeuser were worth $7,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser during the 1st quarter valued at about $29,000. Hantz Financial Services Inc. increased its holdings in shares of Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 521 shares in the last quarter. Private Wealth Asset Management LLC raised its stake in shares of Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 807 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter worth approximately $41,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Weyerhaeuser during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on WY shares. Truist Financial cut their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. CIBC reaffirmed an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research report on Friday, December 12th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.88.

Insiders Place Their Bets

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

Weyerhaeuser Price Performance

Shares of WY stock opened at $23.54 on Wednesday. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 124.16 and a beta of 1.08. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $22.77 and a 200 day moving average price of $24.62.

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

Weyerhaeuser Dividend Announcement

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. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 186.67%.

Weyerhaeuser Company 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.