Weyerhaeuser (NYSE:WY) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its holdings in Weyerhaeuser (NYSE:WY) by 4.6% during the second quarter, Holdings Channel reports. The institutional investor owned 53,650 shares of the real estate investment trust’s stock after selling 2,616 shares during the period. Van ECK Associates Corp’s holdings in Weyerhaeuser were worth $1,523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ridgewood Investments LLC acquired a new stake in shares of Weyerhaeuser in the second quarter worth approximately $26,000. American National Bank increased its holdings in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser in the 1st quarter worth $33,000. Park Place Capital Corp boosted its holdings in Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in Weyerhaeuser during the first quarter valued at about $36,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $30.35 on Friday. The company’s fifty day moving average price is $30.03 and its two-hundred day moving average price is $31.32. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The firm has a market capitalization of $22.07 billion, a P/E ratio of 27.59 and a beta of 1.40. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insider Transactions at Weyerhaeuser

In related news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the topic of a number of research reports. Truist Financial cut their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Royal Bank of Canada lifted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and a consensus target price of $35.83.

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.