Teachers Retirement System of The State of Kentucky Sells 3,069 Shares of Weyerhaeuser (NYSE:WY)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,097 shares of the real estate investment trust’s stock after selling 3,069 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Weyerhaeuser were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WY. Norges Bank bought a new position in Weyerhaeuser during the fourth quarter valued at $753,497,000. Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 22.7% in the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after acquiring an additional 3,573,013 shares during the period. FMR LLC boosted its holdings in shares of Weyerhaeuser by 64.5% in the third quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after acquiring an additional 1,242,972 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Weyerhaeuser in the fourth quarter worth $36,237,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Weyerhaeuser by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock worth $1,682,437,000 after acquiring an additional 888,621 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Down 0.8 %

NYSE WY opened at $28.64 on Friday. The stock’s 50-day simple moving average is $30.50 and its two-hundred day simple moving average is $32.64. Weyerhaeuser has a twelve month low of $28.26 and a twelve month high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of 26.04 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Research analysts forecast that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, Royal Bank of Canada lowered their price objective on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.67.

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.