Birmingham Capital Management Co. Inc. AL Decreases Stake in Weyerhaeuser (NYSE:WY)

Birmingham Capital Management Co. Inc. AL lessened its holdings in Weyerhaeuser (NYSE:WY) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,663 shares of the real estate investment trust’s stock after selling 600 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Weyerhaeuser were worth $1,467,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC increased its holdings in shares of Weyerhaeuser by 0.8% in the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 348 shares during the last quarter. Institute for Wealth Management LLC. increased its stake in Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 366 shares during the last quarter. Jacobi Capital Management LLC raised its position in Weyerhaeuser by 6.6% during the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 406 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its stake in Weyerhaeuser by 4.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 10,290 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 450 shares during the last quarter. Finally, Heitman Real Estate Securities LLC lifted its stake in Weyerhaeuser by 0.4% during the fourth quarter. Heitman Real Estate Securities LLC now owns 105,711 shares of the real estate investment trust’s stock worth $3,676,000 after purchasing an additional 460 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Insider Activity at Weyerhaeuser

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WY shares. Citigroup decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. DA Davidson decreased 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 Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Truist Financial decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Finally, Royal Bank of Canada upped their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.83.

Weyerhaeuser Price Performance

WY stock opened at $33.70 on Wednesday. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The firm’s 50-day moving average price is $31.40 and its two-hundred day moving average price is $31.12. The stock has a market capitalization of $24.51 billion, a price-to-earnings ratio of 30.64 and a beta of 1.40. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. As a group, equities analysts predict that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

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.