Howland Capital Management LLC Sells 1,352 Shares of Weyerhaeuser (NYSE:WY)

Howland Capital Management LLC decreased its stake in Weyerhaeuser (NYSE:WY) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,728 shares of the real estate investment trust’s stock after selling 1,352 shares during the period. Howland Capital Management LLC’s holdings in Weyerhaeuser were worth $1,498,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of WY. Norges Bank purchased a new position in shares of Weyerhaeuser in the fourth quarter worth about $753,497,000. Wellington Management Group LLP grew its stake in Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after acquiring an additional 10,271,891 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Weyerhaeuser during the first quarter valued at approximately $81,507,000. Principal Financial Group Inc. grew its stake in Weyerhaeuser by 145.0% during the first quarter. Principal Financial Group Inc. now owns 2,491,743 shares of the real estate investment trust’s stock valued at $89,479,000 after acquiring an additional 1,474,806 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in Weyerhaeuser during the fourth quarter valued at approximately $36,237,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

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

Weyerhaeuser Stock Up 5.0 %

Shares of NYSE:WY traded up $1.38 during midday trading on Thursday, reaching $28.96. The company’s stock had a trading volume of 6,851,269 shares, compared to its average volume of 3,506,740. The firm has a 50 day moving average of $29.48 and a 200-day moving average of $32.19. The firm has a market capitalization of $21.11 billion, a P/E ratio of 25.07 and a beta of 1.39. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last released 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. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS. On average, research analysts anticipate that Weyerhaeuser will post 0.99 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.76%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WY. Truist Financial reaffirmed a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Royal Bank of Canada dropped their target price 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, CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.00.

Weyerhaeuser 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.