Clearbridge Investments LLC Has $2.31 Million Position in Weyerhaeuser (NYSE:WY)

Clearbridge Investments LLC raised its holdings in Weyerhaeuser (NYSE:WY) by 268.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,403 shares of the real estate investment trust’s stock after acquiring an additional 46,905 shares during the quarter. Clearbridge Investments LLC’s holdings in Weyerhaeuser were worth $2,313,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WY. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $26,000. American National Bank increased its position in Weyerhaeuser by 171.5% during 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 during the period. Lindbrook Capital LLC increased 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 valued at $31,000 after buying an additional 427 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at $33,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at $36,000. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on WY shares. Truist Financial dropped their price objective on Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Royal Bank of Canada reduced their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $36.00.

Weyerhaeuser Price Performance

NYSE:WY traded up $0.21 during trading hours on Thursday, hitting $30.08. The company’s stock had a trading volume of 92,396 shares, compared to its average volume of 3,481,515. The stock has a fifty day simple moving average of $29.25 and a 200-day simple moving average of $31.87. The company has a market capitalization of $21.93 billion, a P/E ratio of 27.15 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts anticipate that Weyerhaeuser will post 0.79 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s payout ratio is 72.73%.

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.