SPC Financial Inc. Sells 37,974 Shares of Weyerhaeuser (NYSE:WY)

SPC Financial Inc. lessened its holdings in Weyerhaeuser (NYSE:WY) by 73.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 14,067 shares of the real estate investment trust’s stock after selling 37,974 shares during the period. SPC Financial Inc.’s holdings in Weyerhaeuser were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in WY. Public Sector Pension Investment Board grew its holdings in shares of Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust’s stock worth $4,568,000 after purchasing an additional 8,031 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Weyerhaeuser in the fourth quarter worth about $36,237,000. Public Employees Retirement System of Ohio lifted its position in shares of Weyerhaeuser by 21.3% during the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust’s stock worth $16,899,000 after purchasing an additional 96,900 shares in the last quarter. Cullen Investment Group LTD. bought a new position in Weyerhaeuser in the 4th quarter worth approximately $1,843,000. Finally, Hudson Valley Investment Advisors Inc. ADV lifted its holdings in Weyerhaeuser by 91.2% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 248,317 shares of the real estate investment trust’s stock worth $8,015,000 after buying an additional 118,414 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the transaction, the director now owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Weyerhaeuser Stock Performance

NYSE WY opened at $29.00 on Friday. The firm has a market capitalization of $21.14 billion, a P/E ratio of 26.33 and a beta of 1.39. The firm’s fifty day moving average price is $29.44 and its two-hundred day moving average price is $32.16. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm earned $0.21 earnings per share. Weyerhaeuser’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Weyerhaeuser will post 0.99 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.20 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.76%. Weyerhaeuser’s payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WY. BMO Capital Markets boosted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Truist Financial restated a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Finally, Royal Bank of Canada lowered their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $37.00.

About Weyerhaeuser

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.