United Asset Strategies Inc. Makes New Investment in Weyerhaeuser (NYSE:WY)

United Asset Strategies Inc. bought a new stake in Weyerhaeuser (NYSE:WY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,160 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new stake in shares of Weyerhaeuser during the second quarter valued at approximately $26,000. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser during the third quarter valued at approximately $25,000. Raleigh Capital Management Inc. increased its position in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 728 shares during the last quarter. Finally, Tyler Stone Wealth Management purchased a new stake in shares of Weyerhaeuser during the second quarter valued at approximately $36,000. Institutional investors own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $39.00 target price 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.00.

Insider Transactions at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was 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 approximately $6,149,059.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock worth $1,455,609 in the last ninety days. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $31.52 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $23.00 billion, a P/E ratio of 27.41 and a beta of 1.43. The stock’s 50 day moving average is $34.18 and its 200 day moving average is $32.66. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the business posted $0.24 EPS. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities research analysts predict that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is 69.57%.

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.