Confluence Investment Management LLC Sells 33,139 Shares of Weyerhaeuser (NYSE:WY)

Confluence Investment Management LLC trimmed its position in Weyerhaeuser (NYSE:WY) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,051,440 shares of the real estate investment trust’s stock after selling 33,139 shares during the period. Confluence Investment Management LLC owned approximately 0.28% of Weyerhaeuser worth $69,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of WY. State Board of Administration of Florida Retirement System boosted its position in shares of Weyerhaeuser by 3.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock worth $32,207,000 after purchasing an additional 31,355 shares in the last quarter. M&G Plc grew its stake in shares of Weyerhaeuser by 16.2% during the second quarter. M&G Plc now owns 1,961,969 shares of the real estate investment trust’s stock worth $54,935,000 after acquiring an additional 273,291 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Weyerhaeuser by 243.3% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock valued at $12,300,000 after acquiring an additional 242,744 shares in the last quarter. Natixis raised its position in shares of Weyerhaeuser by 1,026.4% in the 1st quarter. Natixis now owns 79,498 shares of the real estate investment trust’s stock valued at $2,855,000 after purchasing an additional 72,440 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Weyerhaeuser by 52.3% in the 1st quarter. SG Americas Securities LLC now owns 116,024 shares of the real estate investment trust’s stock worth $4,166,000 after purchasing an additional 39,845 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WY has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. DA Davidson lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research 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. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Truist Financial upped their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $31.74 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 42.89 and a beta of 1.40. The firm’s 50 day simple moving average is $32.19 and its 200-day simple moving average is $30.79. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco acquired 31,500 shares of the company’s stock in a transaction 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 completion of the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company 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.