Weyerhaeuser (NYSE:WY) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC lowered its stake in Weyerhaeuser (NYSE:WY) by 40.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,594 shares of the real estate investment trust’s stock after selling 5,925 shares during the quarter. LS Investment Advisors LLC’s holdings in Weyerhaeuser were worth $252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its holdings in Weyerhaeuser by 2.8% during the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock valued at $1,433,000 after purchasing an additional 1,373 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Weyerhaeuser by 36.7% during the 4th quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 3,084 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Weyerhaeuser by 33.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 42,746 shares of the real estate investment trust’s stock worth $1,203,000 after purchasing an additional 10,601 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Weyerhaeuser by 16.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust’s stock valued at $8,596,000 after buying an additional 42,630 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in Weyerhaeuser in the 4th quarter worth about $365,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on WY. Citigroup reduced their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday. CIBC dropped their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 22nd. Truist Financial decreased their price objective on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.25.

Weyerhaeuser Stock Performance

NYSE WY opened at $26.31 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock’s fifty day moving average is $26.05 and its two-hundred day moving average is $28.55. The firm has a market capitalization of $19.08 billion, a P/E ratio of 47.84, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue was down 4.9% compared to the same quarter last year. On average, research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.84 annualized dividend and a yield of 3.19%. Weyerhaeuser’s payout ratio is 168.00%.

Weyerhaeuser announced that its Board of Directors has initiated a share buyback program on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.