Mraz Amerine & Associates Inc. Cuts Stock Position in Weyerhaeuser (NYSE:WY)

Mraz Amerine & Associates Inc. lessened its holdings in Weyerhaeuser (NYSE:WY) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,609 shares of the real estate investment trust’s stock after selling 872 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Weyerhaeuser were worth $473,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in Weyerhaeuser in the fourth quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth about $26,000. Millburn Ridgefield Corp acquired a new stake in shares of Weyerhaeuser during the third quarter worth about $25,000. Raleigh Capital Management Inc. lifted 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 worth $26,000 after purchasing an additional 728 shares during the period. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Weyerhaeuser during the second quarter worth about $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded down $0.45 on Wednesday, reaching $31.52. The company’s stock had a trading volume of 3,392,180 shares, compared to its average volume of 3,447,575. The company has a market capitalization of $23.00 billion, a P/E ratio of 27.80 and a beta of 1.43. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The stock has a 50-day moving average price of $34.21 and a 200-day moving average price of $32.66. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. Analysts expect that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.54%. Weyerhaeuser’s payout ratio is 69.57%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reissued a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Activity

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock worth $1,455,609 over the last three months. 0.30% of the stock is currently owned by corporate insiders.

About Weyerhaeuser

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.