Weyerhaeuser (NYSE:WY) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC reduced its holdings in Weyerhaeuser (NYSE:WY) by 14.1% during the 4th quarter, Holdings Channel reports. The firm owned 54,001 shares of the real estate investment trust’s stock after selling 8,854 shares during the quarter. Radnor Capital Management LLC’s holdings in Weyerhaeuser were worth $1,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser during the 3rd quarter valued at approximately $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser in the second quarter valued at about $27,000. Bangor Savings Bank increased its stake in shares of Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 719 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Up 1.1 %

Shares of WY opened at $28.97 on Wednesday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $29.92 and a two-hundred day simple moving average of $30.73. The company has a market capitalization of $21.05 billion, a PE ratio of 39.15 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business earned $0.33 earnings per share. As a group, equities analysts forecast that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WY. CIBC upgraded Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective on the stock in a report on Wednesday. Truist Financial lowered their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Finally, Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and an average target price of $35.29.

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.