King Luther Capital Management Corp Has $327,000 Stock Position in Weyerhaeuser (NYSE:WY)

King Luther Capital Management Corp cut its holdings in shares of Weyerhaeuser (NYSE:WY) by 15.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,520 shares of the real estate investment trust’s stock after selling 2,116 shares during the period. King Luther Capital Management Corp’s holdings in Weyerhaeuser were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WY. Quest Partners LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $255,000. Assetmark Inc. raised its holdings in shares of Weyerhaeuser by 3.3% during the fourth quarter. Assetmark Inc. now owns 28,044 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 909 shares during the period. Congress Wealth Management LLC DE lifted its position in Weyerhaeuser by 6.9% in the 4th quarter. Congress Wealth Management LLC DE now owns 56,523 shares of the real estate investment trust’s stock valued at $1,965,000 after acquiring an additional 3,656 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Weyerhaeuser by 2.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 288,926 shares of the real estate investment trust’s stock worth $10,046,000 after purchasing an additional 8,198 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Weyerhaeuser by 3.2% during the 4th quarter. Intech Investment Management LLC now owns 14,743 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 456 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WY shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada raised their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Citigroup cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Truist Financial cut their price target 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.83.

Weyerhaeuser Trading Down 1.0 %

Shares of NYSE:WY opened at $33.24 on Monday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The company has a market capitalization of $24.23 billion, a P/E ratio of 30.22 and a beta of 1.40. The company has a 50-day simple moving average of $30.91 and a 200 day simple moving average of $31.17.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data 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 company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. Sell-side analysts forecast that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Announces Dividend

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

Insider Activity

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

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.