Knights of Columbus Asset Advisors LLC Sells 27,792 Shares of Weyerhaeuser Company $WY

Knights of Columbus Asset Advisors LLC decreased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 37.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,412 shares of the real estate investment trust’s stock after selling 27,792 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Weyerhaeuser were worth $1,135,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Parkside Financial Bank & Trust grew its stake in shares of Weyerhaeuser by 21.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 428 shares in the last quarter. Summit Financial LLC increased its holdings in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 428 shares during the last quarter. 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. EverSource Wealth Advisors LLC raised its position in shares of Weyerhaeuser by 23.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 472 shares in the last quarter. Finally, 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. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $24.55 on Friday. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.75. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $24.35 and a 200-day moving average price of $24.53. The firm has a market capitalization of $17.70 billion, a PE ratio of 37.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s revenue was down 8.3% compared to the same quarter last year. As a group, equities research analysts forecast that Weyerhaeuser Company will post 0.32 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, September 4th. Weyerhaeuser’s dividend payout ratio is presently 129.23%.

Wall Street Analyst Weigh In

Several research analysts recently commented on WY shares. Truist Financial reiterated a “hold” rating and issued a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Citigroup lowered their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, DA Davidson reiterated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser 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.