Foster & Motley Inc. Decreases Stake in Weyerhaeuser (NYSE:WY)

Foster & Motley Inc. trimmed its holdings in Weyerhaeuser (NYSE:WY) by 56.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,695 shares of the real estate investment trust’s stock after selling 16,462 shares during the quarter. Foster & Motley Inc.’s holdings in Weyerhaeuser were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of WY. Duality Advisers LP grew its position in Weyerhaeuser by 73.2% in the 4th quarter. Duality Advisers LP now owns 156,789 shares of the real estate investment trust’s stock worth $5,452,000 after purchasing an additional 66,250 shares during the period. Handelsbanken Fonder AB grew its position in Weyerhaeuser by 11.2% during the fourth quarter. Handelsbanken Fonder AB now owns 364,392 shares of the real estate investment trust’s stock valued at $12,670,000 after buying an additional 36,640 shares during the period. CWM LLC raised its position in Weyerhaeuser by 3.4% in the fourth quarter. CWM LLC now owns 14,804 shares of the real estate investment trust’s stock worth $515,000 after acquiring an additional 492 shares during the period. Signaturefd LLC grew its position in shares of Weyerhaeuser by 11.8% during the 4th quarter. Signaturefd LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $188,000 after acquiring an additional 570 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity

In related news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were 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 of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,699 shares of company stock valued at $1,455,609. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets increased 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. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Trading Down 0.5 %

Shares of WY opened at $31.54 on Thursday. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. The company’s fifty day moving average is $34.02 and its 200 day moving average is $32.72. The stock has a market capitalization of $23.01 billion, a PE ratio of 27.43 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts expect that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 69.57%.

About Weyerhaeuser

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.