Cwm LLC increases its position in Weyerhaeuser (NYSE:WY)

Cwm LLC boosted its holdings in Weyerhaeuser (NYSE:WY – Free Report) by 3.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,817 shares of the real estate investment trust’s stock after acquiring an additional 633 shares during the quarter. Cwm LLC’s holdings in Weyerhaeuser were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WY. American National Bank boosted its stake in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $33,000. Park Place Capital Corp lifted its position in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at about $36,000. 82.99% of the shares are held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

Several research firms have commented on WY. DA Davidson cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Truist Financial cut their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $35.83, according to MarketBeat.com.

Check out our latest research report on Weyerhaeuser

Insider buying and selling

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.27% of shares are owned by corporate insiders.

Weyerhaeuser price performance

Shares of NYSE:WY opened at $30.14 on Tuesday. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The company’s 50-day moving average is $29.49 and its 200-day moving average is $31.66. The company has a current ratio of 2.19, a quick ratio of 1.58, and a debt-to-equity ratio of 0.48. The company has a market cap of $21.97 billion, a PE ratio of 27.40 and a beta of 1.39.

Weyerhaeuser (NYSE:WY – Get Free Report ) last issued its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. In the same quarter last year, the company posted EPS of $0.32. Weyerhaeuser’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.66 EPS for the current year.

Weyerhaeuser announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 30. This represents an annualized dividend of $0.80 and a yield of 2.65%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Weyerhaeuser Company Profile

(Free report)

The Weyerhaeuser Company, one of the world’s largest private timberland owners, began operations in 1900. We own or control approximately 11 million acres of timberland in the US and manage additional forestland under long-term licenses in Canada. We manage these timberlands on a sustainable basis in accordance with internationally recognized forestry standards.

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