BSW Wealth Partners Makes New $201,000 Investment in Weyerhaeuser (NYSE:WY)

BSW Wealth Partners purchased a new position in Weyerhaeuser (NYSE:WY) in the third quarter, Holdings Channel reports. The fund purchased 5,939 shares of the real estate investment trust’s stock, valued at approximately $201,000.

A number of other institutional investors have also made changes to their positions in the stock. Oakworth Capital Inc. bought a new position in Weyerhaeuser in the 3rd quarter worth $25,000. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $26,000. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Weyerhaeuser by 4,884.2% during the 3rd 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 during the period. Finally, Park Place Capital Corp increased its position in 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 buying an additional 1,000 shares during the period. 82.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Up 1.7 %

Weyerhaeuser stock opened at $31.71 on Tuesday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $32.15 and a 200-day moving average of $30.78. The stock has a market capitalization of $23.04 billion, a PE ratio of 42.85 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Analyst Ratings Changes

WY has been the subject of several research analyst reports. DA Davidson cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. StockNews.com cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Truist Financial lifted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $36.33.

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.