Birmingham Capital Management Co. Inc. AL Sells 600 Shares of Weyerhaeuser (NYSE:WY)

Birmingham Capital Management Co. Inc. AL decreased its position in Weyerhaeuser (NYSE:WY) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,663 shares of the real estate investment trust’s stock after selling 600 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Weyerhaeuser were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after buying an additional 2,874,101 shares in the last quarter. Wellington Management Group LLP raised its holdings in Weyerhaeuser by 53.2% in the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after acquiring an additional 10,271,891 shares during the last quarter. Legal & General Group Plc lifted its position in Weyerhaeuser by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 11,428,336 shares of the real estate investment trust’s stock valued at $324,450,000 after acquiring an additional 503,059 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Weyerhaeuser by 3.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock valued at $187,351,000 after purchasing an additional 193,087 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Weyerhaeuser by 32.3% in the 2nd quarter. Principal Financial Group Inc. now owns 3,296,393 shares of the real estate investment trust’s stock worth $93,584,000 after purchasing an additional 804,650 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $33.70 on Wednesday. The firm’s 50 day moving average price is $31.40 and its 200-day moving average price is $31.12. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $24.51 billion, a PE ratio of 30.64 and a beta of 1.40. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly 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). The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Equities research analysts expect that Weyerhaeuser will post 0.52 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WY. Royal Bank of Canada upped their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. DA Davidson dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Truist Financial decreased their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Finally, Citigroup dropped 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.