Weyerhaeuser (NYSE:WY) Holdings Trimmed by Parcion Private Wealth LLC

Parcion Private Wealth LLC reduced its position in shares of Weyerhaeuser (NYSE:WY) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 566,446 shares of the real estate investment trust’s stock after selling 1,847 shares during the quarter. Weyerhaeuser accounts for 1.5% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 15th biggest holding. Parcion Private Wealth LLC owned about 0.08% of Weyerhaeuser worth $16,081,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC grew its position in Weyerhaeuser by 132.8% during the fourth quarter. Fisher Asset Management LLC now owns 24,142 shares of the real estate investment trust’s stock valued at $839,000 after purchasing an additional 13,772 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Weyerhaeuser by 0.3% during the fourth quarter. Natixis Advisors L.P. now owns 206,599 shares of the real estate investment trust’s stock worth $7,183,000 after acquiring an additional 645 shares in the last quarter. Principal Securities Inc. acquired a new stake in Weyerhaeuser during the fourth quarter valued at $101,000. BNP Paribas Financial Markets grew its stake in Weyerhaeuser by 51.3% in the fourth quarter. BNP Paribas Financial Markets now owns 814,958 shares of the real estate investment trust’s stock valued at $28,336,000 after purchasing an additional 276,342 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Weyerhaeuser in the 4th quarter worth about $1,562,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Performance

WY stock traded up $0.18 on Friday, reaching $30.35. 4,983,630 shares of the company were exchanged, compared to its average volume of 3,571,088. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock’s fifty day moving average price is $30.03 and its 200 day moving average price is $31.33. The firm has a market capitalization of $22.07 billion, a PE ratio of 27.59 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Weyerhaeuser will post 0.59 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, August 30th. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Wall Street Analysts Forecast Growth

WY has been the subject of several recent research reports. Citigroup lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Royal Bank of Canada raised their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Truist Financial decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $35.83.

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.