State of New Jersey Common Pension Fund D Sells 152,554 Shares of Weyerhaeuser (NYSE:WY)

State of New Jersey Common Pension Fund D cut its holdings in Weyerhaeuser (NYSE:WY) by 38.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,215 shares of the real estate investment trust’s stock after selling 152,554 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Weyerhaeuser were worth $6,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Ridgewood Investments LLC bought a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $26,000. American National Bank boosted its position in Weyerhaeuser by 171.5% during the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Weyerhaeuser during the 1st quarter valued at approximately $33,000. Park Place Capital Corp boosted its position in Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in shares of Weyerhaeuser during the first quarter valued at approximately $36,000. 82.99% of the stock is owned by institutional investors.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now owns 70,726 shares in the company, valued at $2,219,381.88. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $32.45 on Monday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market cap of $23.60 billion, a P/E ratio of 29.50 and a beta of 1.40. The company has a 50 day moving average of $30.42 and a 200 day moving average of $31.23. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. Weyerhaeuser’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, research analysts expect that Weyerhaeuser will post 0.52 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 dividend of $0.20 per share. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Wall Street Analyst Weigh In

WY has been the subject of several recent research reports. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Citigroup lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, Truist Financial lowered their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.83.

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.