180 Wealth Advisors LLC Buys 3,384 Shares of Weyerhaeuser (NYSE:WY)

180 Wealth Advisors LLC raised its stake in shares of Weyerhaeuser (NYSE:WY) by 16.1% in the second quarter, Holdings Channel reports. The fund owned 24,352 shares of the real estate investment trust’s stock after acquiring an additional 3,384 shares during the period. 180 Wealth Advisors LLC’s holdings in Weyerhaeuser were worth $705,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PGGM Investments raised its holdings in shares of Weyerhaeuser by 35.4% in the second quarter. PGGM Investments now owns 130,405 shares of the real estate investment trust’s stock valued at $3,702,000 after buying an additional 34,068 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Weyerhaeuser by 6.5% in the second quarter. V Square Quantitative Management LLC now owns 20,631 shares of the real estate investment trust’s stock valued at $586,000 after buying an additional 1,253 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Weyerhaeuser by 0.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 61,791 shares of the real estate investment trust’s stock worth $1,754,000 after purchasing an additional 550 shares during the last quarter. M&G Plc raised its holdings in Weyerhaeuser by 16.2% during the 2nd quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock worth $54,935,000 after purchasing an additional 273,291 shares during the last quarter. Finally, Strong Tower Advisory Services raised its holdings in Weyerhaeuser by 42.5% during the 2nd quarter. Strong Tower Advisory Services now owns 36,748 shares of the real estate investment trust’s stock worth $1,043,000 after purchasing an additional 10,955 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Insider Transactions at Weyerhaeuser

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

Weyerhaeuser Stock Up 0.2 %

NYSE WY traded up $0.07 during trading on Thursday, hitting $30.09. The stock had a trading volume of 4,131,222 shares, compared to its average volume of 3,579,395. The company has a market capitalization of $21.94 billion, a PE ratio of 27.29 and a beta of 1.39. The company’s 50-day moving average price is $29.52 and its two-hundred day moving average price is $31.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.66 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WY shares. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Truist Financial decreased their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada boosted their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research 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, Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $35.83.

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.