Bfsg LLC Sells 4,137 Shares of Weyerhaeuser (NYSE:WY)

Bfsg LLC decreased its stake in shares of Weyerhaeuser (NYSE:WY) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 223,229 shares of the real estate investment trust’s stock after selling 4,137 shares during the quarter. Weyerhaeuser makes up about 1.1% of Bfsg LLC’s investment portfolio, making the stock its 15th largest position. Bfsg LLC’s holdings in Weyerhaeuser were worth $7,762,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. SVB Wealth LLC increased its stake in Weyerhaeuser by 3.2% during the 4th quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 351 shares in the last quarter. Home Federal Bank of Tennessee increased its stake in Weyerhaeuser by 1.0% during the 3rd quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock valued at $1,126,000 after purchasing an additional 355 shares in the last quarter. Xponance Inc. increased its stake in shares of Weyerhaeuser by 0.4% in the third quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $2,793,000 after acquiring an additional 380 shares during the period. Montgomery Investment Management Inc. increased its stake in shares of Weyerhaeuser by 1.2% in the third quarter. Montgomery Investment Management Inc. now owns 30,905 shares of the real estate investment trust’s stock worth $948,000 after acquiring an additional 380 shares during the period. Finally, Lindbrook Capital LLC increased 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. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,699 shares of company stock valued at $1,455,609. Corporate insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

WY has been the topic of a number of research reports. Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.00.

Weyerhaeuser Stock Performance

NYSE WY traded down $0.32 during mid-day trading on Thursday, reaching $31.22. 454,857 shares of the stock were exchanged, compared to its average volume of 3,389,114. The business’s 50 day moving average is $34.02 and its 200-day moving average is $32.72. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27. The company has a market capitalization of $22.78 billion, a P/E ratio of 27.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $0.24 earnings per share. On average, equities research analysts forecast that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

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.