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

Bfsg LLC cut its holdings in Weyerhaeuser (NYSE:WY) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,229 shares of the real estate investment trust’s stock after selling 4,137 shares during the period. Weyerhaeuser makes up 1.1% of Bfsg LLC’s 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.

Several other hedge funds have also added to or reduced their stakes in WY. Wellington Management Group LLP boosted its holdings in shares of Weyerhaeuser by 22.7% during the third quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock worth $591,717,000 after purchasing an additional 3,573,013 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Weyerhaeuser by 376.3% during the third quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock worth $63,418,000 after purchasing an additional 1,634,125 shares during the period. FMR LLC boosted its holdings in shares of Weyerhaeuser by 64.5% during the third quarter. FMR LLC now owns 3,169,142 shares of the real estate investment trust’s stock worth $97,166,000 after purchasing an additional 1,242,972 shares during the period. Barclays PLC boosted its holdings in shares of Weyerhaeuser by 47.1% during the third quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock worth $103,489,000 after purchasing an additional 1,080,407 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $36,237,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

WY stock traded down $0.32 on Thursday, hitting $31.22. The company had a trading volume of 454,857 shares, compared to its average volume of 3,389,114. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The stock’s 50-day simple moving average is $34.02 and its 200 day simple moving average is $32.72. The stock has a market cap of $22.78 billion, a price-to-earnings ratio of 27.17 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser will post 1 earnings per share 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Thursday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

Insider Transactions at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock worth $1,455,609 in the last 90 days. 0.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a research note on Monday, January 29th. BMO Capital Markets increased their price target 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. Truist Financial reissued a “hold” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.00.

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.