New York State Teachers Retirement System Reduces Stake in Weyerhaeuser Company $WY

New York State Teachers Retirement System cut its position in shares of Weyerhaeuser Company (NYSE:WY) by 0.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 550,033 shares of the real estate investment trust’s stock after selling 3,676 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Weyerhaeuser worth $14,130,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. GKV Capital Management Co. Inc. acquired a new position in shares of Weyerhaeuser during the 1st quarter worth $29,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser during the 1st quarter valued at about $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser during the 1st quarter valued at about $32,000. Marshall Investment Management LLC acquired a new position in Weyerhaeuser during the first quarter worth about $36,000. Finally, Private Wealth Asset Management LLC lifted its holdings in shares of Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 807 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. CIBC dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. Truist Financial dropped their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. DA Davidson reaffirmed a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.63.

Weyerhaeuser Stock Performance

NYSE WY opened at $23.60 on Friday. The business’s 50-day moving average price is $25.12 and its 200 day moving average price is $25.67. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a twelve month low of $23.43 and a twelve month high of $33.11. The company has a market capitalization of $17.02 billion, a PE ratio of 62.09, a price-to-earnings-growth ratio of 248.14 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 EPS. On average, research analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 221.05%.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.27% of the stock is currently 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.