Biltmore Wealth Management LLC Boosts Stock Position in Weyerhaeuser (NYSE:WY)

Biltmore Wealth Management LLC lifted its stake in Weyerhaeuser (NYSE:WY) by 11.2% in the third quarter, Holdings Channel.com reports. The fund owned 18,794 shares of the real estate investment trust’s stock after purchasing an additional 1,886 shares during the period. Biltmore Wealth Management LLC’s holdings in Weyerhaeuser were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in WY. Jones Financial Companies Lllp bought a new stake in Weyerhaeuser during the fourth quarter valued at $43,000. Rafferty Asset Management LLC grew its holdings in shares of Weyerhaeuser by 19.9% during the fourth quarter. Rafferty Asset Management LLC now owns 97,925 shares of the real estate investment trust’s stock worth $3,405,000 after purchasing an additional 16,285 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Weyerhaeuser by 194.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 101,703 shares of the real estate investment trust’s stock worth $3,536,000 after purchasing an additional 67,131 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Weyerhaeuser by 1,548.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 79,850 shares of the real estate investment trust’s stock valued at $2,776,000 after purchasing an additional 75,007 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A raised its stake in Weyerhaeuser by 3.5% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 71,660 shares of the real estate investment trust’s stock valued at $2,492,000 after purchasing an additional 2,440 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Citigroup cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, Truist Financial decreased 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.83.

Weyerhaeuser Price Performance

Shares of NYSE:WY traded down $0.05 on Friday, reaching $32.88. The company’s stock had a trading volume of 3,277,098 shares, compared to its average volume of 3,658,842. The company has a 50-day simple moving average of $31.55 and a 200 day simple moving average of $31.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The company has a market cap of $23.91 billion, a P/E ratio of 29.90 and a beta of 1.40. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.43%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction 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 transaction, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

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.