Hennion & Walsh Asset Management Inc. Sells 747 Shares of Weyerhaeuser (NYSE:WY)

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 3.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,676 shares of the real estate investment trust’s stock after selling 747 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Weyerhaeuser were worth $671,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WY. Public Sector Pension Investment Board grew its holdings in Weyerhaeuser by 5.7% in the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after purchasing an additional 8,031 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Weyerhaeuser in the fourth quarter valued at about $36,237,000. Public Employees Retirement System of Ohio grew its stake in shares of Weyerhaeuser by 21.3% during the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after acquiring an additional 96,900 shares during the last quarter. Cullen Investment Group LTD. purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $1,843,000. Finally, Hudson Valley Investment Advisors Inc. ADV grew its position in Weyerhaeuser by 91.2% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 248,317 shares of the real estate investment trust’s stock worth $8,015,000 after purchasing an additional 118,414 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $27.48 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12-month low of $27.31 and a 12-month high of $36.27. The business’s 50 day moving average is $30.00 and its two-hundred day moving average is $32.50. The company has a market capitalization of $20.03 billion, a P/E ratio of 24.98 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Analysts expect that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared 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. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.91%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research analyst reports. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada decreased their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. BMO Capital Markets increased their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.67.

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.