Inspire Trust Co. N.A. Acquires 33,200 Shares of Weyerhaeuser Company $WY

Inspire Trust Co. N.A. grew its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 16.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 235,200 shares of the real estate investment trust’s stock after acquiring an additional 33,200 shares during the period. Weyerhaeuser comprises 1.1% of Inspire Trust Co. N.A.’s holdings, making the stock its 29th largest holding. Inspire Trust Co. N.A.’s holdings in Weyerhaeuser were worth $5,831,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WY. Goldman Sachs Group Inc. raised its position in Weyerhaeuser by 18.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after purchasing an additional 346,571 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Weyerhaeuser by 3.4% in the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock valued at $1,348,000 after buying an additional 1,498 shares during the period. Intech Investment Management LLC raised its position in shares of Weyerhaeuser by 5.9% during the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after acquiring an additional 3,124 shares during the last quarter. Ethic Inc. lifted its stake in shares of Weyerhaeuser by 7.8% in the second quarter. Ethic Inc. now owns 27,618 shares of the real estate investment trust’s stock worth $714,000 after acquiring an additional 2,009 shares during the period. Finally, Bleakley Financial Group LLC lifted its stake in shares of Weyerhaeuser by 37.5% in the second quarter. Bleakley Financial Group LLC now owns 55,037 shares of the real estate investment trust’s stock worth $1,414,000 after acquiring an additional 15,008 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WY shares. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday. Truist Financial lifted their target price on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Finally, New Street Research set a $28.00 price objective on Weyerhaeuser in a research report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.88.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. This represents a 16.22% 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. Also, Director Richard Beckwitt bought 20,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the acquisition, the director directly owned 24,066 shares in the company, valued at $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 28,500 shares of company stock valued at $721,645 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Weyerhaeuser Trading Down 1.0%

NYSE:WY opened at $25.29 on Friday. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $31.66. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 57.47 and a beta of 1.03. The firm has a fifty day simple moving average of $25.42 and a two-hundred day simple moving average of $24.52.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue was down 9.8% on a year-over-year basis. Analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.21 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. Weyerhaeuser’s payout ratio is currently 190.91%.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.