Strong Tower Advisory Services Has $2.20 Million Stake in Weyerhaeuser Company $WY

Strong Tower Advisory Services grew its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,453 shares of the real estate investment trust’s stock after acquiring an additional 4,893 shares during the quarter. Strong Tower Advisory Services’ holdings in Weyerhaeuser were worth $2,195,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Callan Family Office LLC acquired a new position in Weyerhaeuser during the second quarter worth about $208,000. Tectonic Advisors LLC raised its stake in Weyerhaeuser by 26.0% during the second quarter. Tectonic Advisors LLC now owns 19,860 shares of the real estate investment trust’s stock worth $510,000 after acquiring an additional 4,098 shares in the last quarter. Vontobel Holding Ltd. acquired a new position in Weyerhaeuser during the second quarter worth about $1,729,000. Shell Asset Management Co. raised its stake in Weyerhaeuser by 41.9% during the second quarter. Shell Asset Management Co. now owns 142,368 shares of the real estate investment trust’s stock worth $3,657,000 after acquiring an additional 42,043 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Weyerhaeuser by 1.2% in the second quarter. KLP Kapitalforvaltning AS now owns 393,881 shares of the real estate investment trust’s stock valued at $10,119,000 after buying an additional 4,600 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the subject of several recent research reports. Truist Financial lowered their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Finally, CIBC lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Insider Activity

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business’s stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $23.95 on Friday. The business’s 50 day simple moving average is $25.30 and its 200 day simple moving average is $25.89. Weyerhaeuser Company has a one year low of $23.92 and a one year high of $33.56. The stock has a market capitalization of $17.28 billion, a PE ratio of 63.03, a PEG ratio of 155.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

About Weyerhaeuser

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.