Financial Security Advisor Inc. Has $434,000 Holdings in Weyerhaeuser (NYSE:WY)

Financial Security Advisor Inc. lessened its stake in Weyerhaeuser (NYSE:WY) by 22.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,825 shares of the real estate investment trust’s stock after selling 3,619 shares during the period. Financial Security Advisor Inc.’s holdings in Weyerhaeuser were worth $434,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Catalyst Capital Advisors LLC lifted its holdings in shares of Weyerhaeuser by 165.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,229 shares in the last quarter. Northeast Investment Management boosted its holdings in shares of Weyerhaeuser by 1.7% in the 3rd quarter. Northeast Investment Management now owns 30,245 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 500 shares during the last quarter. Lansing Street Advisors acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth about $223,000. BSW Wealth Partners acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $201,000. Finally, Van ECK Associates Corp boosted its position in Weyerhaeuser by 2,221.8% during the third quarter. Van ECK Associates Corp now owns 1,245,633 shares of the real estate investment trust’s stock worth $39,674,000 after purchasing an additional 1,191,983 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on WY. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup reduced their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Truist Financial raised their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, StockNews.com downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Trading Up 0.5 %

NYSE:WY opened at $31.87 on Wednesday. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $23.16 billion, a price-to-earnings ratio of 43.07 and a beta of 1.40. The firm has a 50 day moving average of $32.17 and a 200 day moving average of $30.78.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the company earned $0.33 EPS. The business’s revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is 108.11%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction on Monday, August 26th. The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.

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.