1,000 Shares in Weyerhaeuser (NYSE:WY) Acquired by Register Financial Advisors LLC

Register Financial Advisors LLC bought a new position in shares of Weyerhaeuser (NYSE:WY) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the real estate investment trust’s stock, valued at approximately $36,000.

Other large investors have also bought and sold shares of the company. Raleigh Capital Management Inc. grew its stake in shares of Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $26,000. American National Bank grew its stake in shares of Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $33,000. 82.99% of the stock is owned by institutional investors.

Insider Transactions at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser stock in a transaction 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 completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Up 0.6 %

Shares of Weyerhaeuser stock opened at $28.38 on Friday. The business has a fifty day simple moving average of $30.07 and a two-hundred day simple moving average of $32.53. Weyerhaeuser has a 1 year low of $27.86 and a 1 year high of $36.27. The company has a market capitalization of $20.69 billion, a price-to-earnings ratio of 25.80 and a beta of 1.43. 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 quarterly 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 the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Research analysts forecast that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WY. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note 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 note on Wednesday, March 13th. Truist Financial reissued a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, Royal Bank of Canada decreased their target price on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.