Summit Trail Advisors LLC Acquires 829 Shares of Weyerhaeuser (NYSE:WY)

Summit Trail Advisors LLC boosted its stake in Weyerhaeuser (NYSE:WY) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,274 shares of the real estate investment trust’s stock after purchasing an additional 829 shares during the quarter. Summit Trail Advisors LLC’s holdings in Weyerhaeuser were worth $1,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank boosted its holdings in shares of Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Weyerhaeuser during the first quarter valued at $33,000. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser in the 2nd quarter worth approximately $26,000. Register Financial Advisors LLC bought a new position in shares of Weyerhaeuser during the first quarter valued at approximately $36,000. Finally, Northwest Bank & Trust Co purchased a new stake in shares of Weyerhaeuser during the 4th quarter worth $38,000. Institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. DA Davidson reduced their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. 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 research note on Monday, July 29th. Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada increased their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $35.83.

Insiders Place Their Bets

In related news, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

Weyerhaeuser Stock Performance

NYSE:WY opened at $33.24 on Friday. The company’s 50-day moving average is $30.91 and its two-hundred day moving average is $31.20. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 30.22 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.32 EPS. Analysts forecast that Weyerhaeuser will post 0.52 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. Weyerhaeuser’s payout ratio is 72.73%.

Weyerhaeuser Company 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.