Keynote Financial Services LLC Purchases New Holdings in Weyerhaeuser (NYSE:WY)

Keynote Financial Services LLC purchased a new stake in Weyerhaeuser (NYSE:WY) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,073 shares of the real estate investment trust’s stock, valued at approximately $577,000.

Several other institutional investors have also recently added to or reduced their stakes in WY. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser in the 4th quarter valued at approximately $26,000. American National Bank boosted its holdings in Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser in the 1st quarter valued at approximately $33,000. Finally, Register Financial Advisors LLC purchased a new stake in Weyerhaeuser in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock traded down $0.18 during trading on Friday, hitting $31.74. 4,942,172 shares of the company were exchanged, compared to its average volume of 3,977,255. The firm has a 50 day moving average price of $29.35 and a 200 day moving average price of $31.76. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 28.85 and a beta of 1.39. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. On average, equities analysts expect that Weyerhaeuser will post 0.67 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Transactions at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WY. DA Davidson lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday. Truist Financial decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Citigroup decreased their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada boosted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.83.

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.