Weyerhaeuser (NYSE:WY) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV decreased its holdings in Weyerhaeuser (NYSE:WY) by 16.9% in the first quarter, HoldingsChannel.com reports. The firm owned 78,558 shares of the real estate investment trust’s stock after selling 15,927 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Weyerhaeuser were worth $2,821,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. raised its holdings in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $26,000. American National Bank raised its holdings in shares of Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 427 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Weyerhaeuser during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of brokerages have commented on WY. Truist Financial reissued a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. BMO Capital Markets upped their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada dropped 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 two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $37.67.

Weyerhaeuser Price Performance

WY stock opened at $27.05 on Thursday. The firm has a market capitalization of $19.72 billion, a PE ratio of 24.59 and a beta of 1.39. Weyerhaeuser has a 1 year low of $26.98 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. The business has a 50 day simple moving average of $29.91 and a 200-day simple moving average of $32.46.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $1.80 billion during 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 firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 earnings per share. Equities research analysts anticipate that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.96%. Weyerhaeuser’s payout ratio is 72.73%.

Weyerhaeuser Company 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.