Mutual of America Capital Management LLC Grows Stock Position in Weyerhaeuser (NYSE:WY)

Mutual of America Capital Management LLC increased its position in Weyerhaeuser (NYSE:WY) by 2.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 183,870 shares of the real estate investment trust’s stock after purchasing an additional 3,737 shares during the period. Mutual of America Capital Management LLC’s holdings in Weyerhaeuser were worth $6,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its stake in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser in the 4th quarter worth approximately $26,000. American National Bank lifted its position in Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Weyerhaeuser during the 1st quarter valued at $33,000. 82.99% of the stock is currently owned by institutional investors.

Insider Activity at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Weyerhaeuser Trading Up 0.5 %

Shares of NYSE WY traded up $0.14 during mid-day trading on Monday, reaching $27.59. The company had a trading volume of 3,883,664 shares, compared to its average volume of 3,476,933. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 25.08 and a beta of 1.39. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The business’s 50-day moving average is $29.59 and its 200-day moving average is $32.27. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. Weyerhaeuser’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. Equities analysts expect that Weyerhaeuser will post 0.99 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WY shares. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Royal Bank of Canada cut their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Truist Financial reiterated a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus price target of $37.20.

Weyerhaeuser Company 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.