Pacific Heights Asset Management LLC Purchases 250,000 Shares of Weyerhaeuser Company $WY

Pacific Heights Asset Management LLC raised its position in Weyerhaeuser Company (NYSE:WY) by 71.4% in the 4th quarter, Holdings Channel reports. The firm owned 600,000 shares of the real estate investment trust’s stock after buying an additional 250,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Weyerhaeuser were worth $14,214,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. NovaPoint Capital LLC boosted its holdings in Weyerhaeuser by 2.7% in the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 385 shares during the period. BOKF NA raised its position in shares of Weyerhaeuser by 4.6% during the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 463 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Weyerhaeuser by 27.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 487 shares in the last quarter. Kiley Juergens Wealth Management LLC raised its position in shares of Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after buying an additional 487 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Weyerhaeuser by 23.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock valued at $64,000 after buying an additional 488 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the transaction, the director directly owned 28,661 shares in the company, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard Beckwitt bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the transaction, the director owned 24,066 shares in the company, valued at $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

WY has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. DA Davidson restated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, May 4th. Truist Financial lowered their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.88.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $22.68 on Monday. The stock has a market cap of $16.36 billion, a PE ratio of 42.01, a PEG ratio of 1.36 and a beta of 0.90. The company’s fifty day moving average is $24.09 and its 200 day moving average is $24.18. Weyerhaeuser Company has a 52 week low of $21.16 and a 52 week high of $27.86. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Research analysts anticipate that Weyerhaeuser Company will post 0.3 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 155.56%.

Weyerhaeuser Company Profile

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.