Amalgamated Bank Has $4.21 Million Position in Weyerhaeuser (NYSE:WY)

Amalgamated Bank lowered its position in shares of Weyerhaeuser (NYSE:WY) by 2.4% in the second quarter, Holdings Channel reports. The firm owned 148,130 shares of the real estate investment trust’s stock after selling 3,581 shares during the period. Amalgamated Bank’s holdings in Weyerhaeuser were worth $4,205,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new position in Weyerhaeuser during the second quarter valued at approximately $26,000. American National Bank boosted its holdings in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Weyerhaeuser in the first quarter valued at approximately $33,000. Park Place Capital Corp boosted its holdings in shares of 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 buying an additional 1,000 shares during the period. Finally, Register Financial Advisors LLC acquired a new position in shares of Weyerhaeuser in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $33.24 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $30.91 and its two-hundred day moving average price is $31.20. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market capitalization of $24.23 billion, a P/E ratio of 30.22 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (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 firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. As a group, research analysts anticipate that Weyerhaeuser will post 0.52 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is presently 72.73%.

Insider Activity

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

Wall Street Analysts Forecast Growth

WY has been the subject of several research analyst reports. Truist Financial reduced their price target 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. Royal Bank of Canada increased their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. BMO Capital Markets restated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $35.83.

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.