Retirement Systems of Alabama Lowers Holdings in Weyerhaeuser (NYSE:WY)

Retirement Systems of Alabama reduced its stake in shares of Weyerhaeuser (NYSE:WY) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,809 shares of the real estate investment trust’s stock after selling 24,246 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of Weyerhaeuser worth $16,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of WY. Norges Bank purchased a new position in Weyerhaeuser during the fourth quarter valued at $753,497,000. Wellington Management Group LLP grew its position in shares of Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after purchasing an additional 10,271,891 shares in the last quarter. Swedbank AB bought a new stake in shares of Weyerhaeuser in the first quarter worth about $106,141,000. Price T Rowe Associates Inc. MD lifted its position in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after buying an additional 2,874,101 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in Weyerhaeuser during the first quarter valued at approximately $81,507,000. Institutional investors own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada upped their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. DA Davidson reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, Argus raised shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.83.

Weyerhaeuser Trading Up 3.6 %

Shares of NYSE WY opened at $31.36 on Friday. The business’s 50 day moving average price is $29.67 and its 200-day moving average price is $31.51. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two 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 cap of $22.81 billion, a price-to-earnings ratio of 28.51 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. On average, sell-side analysts expect that Weyerhaeuser will post 0.59 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.55%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of Weyerhaeuser 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 sale, the director now owns 5,790 shares of the company’s stock, valued at $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.