Cwm LLC Grows Stock Holdings in Weyerhaeuser (NYSE:WY)

Cwm LLC boosted its stake in Weyerhaeuser (NYSE:WY) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,185 shares of the real estate investment trust’s stock after purchasing an additional 368 shares during the period. Cwm LLC’s holdings in Weyerhaeuser were worth $582,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. O Keefe Stevens Advisory Inc. increased its holdings in Weyerhaeuser by 5.4% during the third quarter. O Keefe Stevens Advisory Inc. now owns 332,048 shares of the real estate investment trust’s stock valued at $11,243,000 after buying an additional 17,086 shares during the last quarter. Bangor Savings Bank increased its stake in shares of Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares in the last quarter. SignalPoint Asset Management LLC purchased a new stake in shares of Weyerhaeuser in the 3rd quarter worth $232,000. Fulton Bank N.A. purchased a new position in Weyerhaeuser during the third quarter valued at $262,000. Finally, Azzad Asset Management Inc. ADV lifted its position in Weyerhaeuser by 4.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 97,117 shares of the real estate investment trust’s stock valued at $3,288,000 after purchasing an additional 3,792 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Albert Monaco bought 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Truist Financial lifted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised their price objective 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. Citigroup cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Finally, DA Davidson lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Price Performance

NYSE:WY opened at $33.06 on Friday. The business’s 50-day moving average is $31.86 and its 200 day moving average is $30.94. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $24.10 billion, a P/E ratio of 30.05 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the company earned $0.32 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Weyerhaeuser will post 0.51 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. Weyerhaeuser’s payout ratio 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.