Crestwood Advisors Group LLC Decreases Stake in Weyerhaeuser Company $WY

Crestwood Advisors Group LLC lessened its stake in shares of Weyerhaeuser Company (NYSE:WY) by 22.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,107 shares of the real estate investment trust’s stock after selling 22,066 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Weyerhaeuser were worth $1,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WY. Brighton Jones LLC grew its holdings in Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 409 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Weyerhaeuser by 23.6% during the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 488 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its holdings in shares of Weyerhaeuser by 11.1% during the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,000 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 500 shares during the period. Wesbanco Bank Inc. grew its stake in shares of Weyerhaeuser by 6.4% in the third quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 500 shares during the last quarter. Finally, Cromwell Holdings LLC increased its holdings in Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the period. Institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the sale, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the purchase, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. The trade was a 20.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WY shares. Royal Bank Of Canada dropped their price objective on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Bank of America reaffirmed a “neutral” rating and issued a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Citigroup raised their target price on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $26.88 on Wednesday. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 61.09 and a beta of 1.03. The business has a 50-day simple moving average of $25.27 and a two-hundred day simple moving average of $24.51. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $31.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. On average, analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.