Biechele Royce Advisors Sells 1,519 Shares of Weyerhaeuser (NYSE:WY)

Biechele Royce Advisors lowered its position in Weyerhaeuser (NYSE:WY) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,022 shares of the real estate investment trust’s stock after selling 1,519 shares during the quarter. Biechele Royce Advisors’ holdings in Weyerhaeuser were worth $648,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Raleigh Capital Management Inc. increased its stake in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Weyerhaeuser in the fourth quarter valued at $26,000. American National Bank increased its stake in Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Lindbrook Capital LLC increased its stake in Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 427 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Weyerhaeuser in the first quarter valued at $33,000. Institutional investors own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at $170,226. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WY has been the subject of several analyst reports. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Truist Financial restated a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Royal Bank of Canada cut their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Finally, BMO Capital Markets upped their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Weyerhaeuser Trading Up 5.0 %

Shares of Weyerhaeuser stock traded up $1.38 during trading on Thursday, reaching $28.96. 6,851,269 shares of the stock were exchanged, compared to its average volume of 3,506,740. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $29.48 and its 200 day moving average is $32.19. The firm has a market cap of $21.11 billion, a price-to-earnings ratio of 25.07 and a beta of 1.39. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business posted $0.21 earnings per share. Weyerhaeuser’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.76%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 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.