Weyerhaeuser Company $WY Shares Purchased by Van Cleef Asset Management Inc

Van Cleef Asset Management Inc raised its position in Weyerhaeuser Company (NYSE:WY) by 8.8% during the second quarter, HoldingsChannel reports. The firm owned 38,446 shares of the real estate investment trust’s stock after purchasing an additional 3,097 shares during the period. Van Cleef Asset Management Inc’s holdings in Weyerhaeuser were worth $988,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. GKV Capital Management Co. Inc. acquired a new stake in shares of Weyerhaeuser in the first quarter valued at about $29,000. Costello Asset Management INC acquired a new stake in Weyerhaeuser in the 1st quarter valued at about $32,000. Hantz Financial Services Inc. lifted its stake in Weyerhaeuser by 86.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 521 shares in the last quarter. Marshall Investment Management LLC acquired a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $36,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WY shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a report on Wednesday, October 8th. Citigroup cut their target price on Weyerhaeuser from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, October 27th. DA Davidson reduced their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday. Truist Financial dropped their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares of the company’s stock, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $23.10 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The company has a market capitalization of $16.65 billion, a price-to-earnings ratio of 60.78, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. The company’s 50 day simple moving average is $24.29 and its 200-day simple moving average is $25.41. Weyerhaeuser Company has a 1 year low of $22.28 and a 1 year high of $32.70.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

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.