Silver Lake Advisory LLC Increases Holdings in Weyerhaeuser (NYSE:WY)

Silver Lake Advisory LLC boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 101,699 shares of the real estate investment trust’s stock after buying an additional 1,149 shares during the period. Weyerhaeuser comprises about 2.0% of Silver Lake Advisory LLC’s portfolio, making the stock its 25th biggest holding. Silver Lake Advisory LLC’s holdings in Weyerhaeuser were worth $3,536,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WY. JPMorgan Chase & Co. boosted its holdings in shares of Weyerhaeuser by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after purchasing an additional 58,688 shares during the last quarter. Wellington Management Group LLP boosted its stake in Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after buying an additional 3,573,013 shares during the last quarter. Northern Trust Corp grew its holdings in Weyerhaeuser by 4.7% during the 3rd quarter. Northern Trust Corp now owns 11,843,748 shares of the real estate investment trust’s stock valued at $363,129,000 after buying an additional 532,923 shares in the last quarter. Invesco Ltd. increased its stake in Weyerhaeuser by 3.5% in the 3rd quarter. Invesco Ltd. now owns 10,874,214 shares of the real estate investment trust’s stock worth $333,403,000 after acquiring an additional 365,241 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Weyerhaeuser by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,812,434 shares of the real estate investment trust’s stock worth $239,529,000 after acquiring an additional 95,445 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Up 1.6 %

Shares of NYSE:WY traded up $0.47 during trading hours on Thursday, hitting $30.67. 1,198,350 shares of the company’s stock traded hands, compared to its average volume of 3,410,426. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The business has a fifty day moving average price of $33.78 and a 200-day moving average price of $32.74. The firm has a market capitalization of $22.36 billion, a P/E ratio of 27.45 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities analysts expect that Weyerhaeuser will post 1 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is 72.73%.

Wall Street Analyst Weigh In

WY has been the topic of several research reports. StockNews.com cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. BMO Capital Markets boosted their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Royal Bank of Canada dropped their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and a consensus price target of $37.67.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser 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 transaction, the director now 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 this link. In related news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was 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 in the company, valued at $6,149,059.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were 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 owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

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.