Regency Capital Management Inc. DE Takes $430,000 Position in Weyerhaeuser (NYSE:WY)

Regency Capital Management Inc. DE purchased a new position in shares of Weyerhaeuser (NYSE:WY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 15,130 shares of the real estate investment trust’s stock, valued at approximately $430,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WY. Larson Financial Group LLC boosted 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. grew its position in shares of Weyerhaeuser by 2.2% during the 2nd 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 period. Jacobi Capital Management LLC increased its stake in shares of Weyerhaeuser by 6.6% during the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 406 shares during the last quarter. Pinnacle West Asset Management Inc. increased its stake in shares of Weyerhaeuser by 4.6% during the 2nd 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 raised its holdings in shares of Weyerhaeuser by 0.4% in the 4th 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 period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Truist Financial dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada raised their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average price target of $35.83.

Insider Transactions at Weyerhaeuser

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

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $33.86 on Tuesday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. 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 has a market capitalization of $24.63 billion, a PE ratio of 30.78 and a beta of 1.40. The firm’s 50 day simple moving average is $31.33 and its 200 day simple moving average is $31.13.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion during 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 in the previous year, the company posted $0.32 EPS. As a group, analysts expect that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given 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 dividend yield of 2.36%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 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.