Bank of Hawaii Sells 1,759 Shares of Weyerhaeuser Company $WY

Bank of Hawaii lessened its stake in Weyerhaeuser Company (NYSE:WY) by 19.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,480 shares of the real estate investment trust’s stock after selling 1,759 shares during the period. Bank of Hawaii’s holdings in Weyerhaeuser were worth $219,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. South Plains Financial Inc. bought a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $27,000. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser during the first quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC bought a new position in Weyerhaeuser during the first quarter worth about $31,000. Finally, Costello Asset Management INC bought a new position in Weyerhaeuser during the first quarter worth about $32,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $26.52 on Tuesday. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of 69.79, a PEG ratio of 82.17 and a beta of 1.08. The company has a 50 day moving average of $25.93 and a 200-day moving average of $26.99. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.21 earnings per share. On average, equities analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Weyerhaeuser announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 8th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have commented on WY shares. JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, May 23rd. DA Davidson cut their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 22nd. Truist Financial cut their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average price target of $32.88.

Insider Buying and Selling at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.27% of the company’s stock.

Weyerhaeuser 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.