Capital Investment Advisors LLC Raises Position in Weyerhaeuser (NYSE:WY)

Capital Investment Advisors LLC raised its holdings in shares of Weyerhaeuser (NYSE:WY) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,294 shares of the real estate investment trust’s stock after buying an additional 414 shares during the quarter. Capital Investment Advisors LLC’s holdings in Weyerhaeuser were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Ridgewood Investments LLC bought a new position in shares of Weyerhaeuser in the 2nd quarter worth $26,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the second quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Weyerhaeuser during the first quarter worth about $33,000. Finally, Park Place Capital Corp boosted its holdings in shares of Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Insider Activity at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on WY. DA Davidson decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Citigroup lowered their price objective 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. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Royal Bank of Canada boosted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Truist Financial raised their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $32.29 on Tuesday. The company’s fifty day simple moving average is $31.90 and its two-hundred day simple moving average is $30.89. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The firm has a market cap of $23.54 billion, a PE ratio of 29.35 and a beta of 1.40. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. As a group, equities analysts expect that Weyerhaeuser will post 0.48 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 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.