Weyerhaeuser (NYSE:WY) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC cut its holdings in Weyerhaeuser (NYSE:WY) by 17.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,156 shares of the real estate investment trust’s stock after selling 647 shares during the quarter. Sentry Investment Management LLC’s holdings in Weyerhaeuser were worth $90,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of WY. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $26,000. American National Bank increased its position in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser in the first quarter valued at $33,000. Park Place Capital Corp boosted its stake in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Finally, Register Financial Advisors LLC purchased a new position in shares of Weyerhaeuser in the first quarter valued at $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada raised their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Citigroup decreased their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, BMO Capital Markets restated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.83.

Insider Buying and Selling

In other news, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

Weyerhaeuser Trading Up 3.3 %

NYSE WY opened at $32.45 on Friday. The firm has a market capitalization of $23.66 billion, a PE ratio of 29.50 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $30.42 and its two-hundred day moving average price is $31.26. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts expect that Weyerhaeuser will post 0.53 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Weyerhaeuser Company 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.