Schwarz Dygos Wheeler Investment Advisors LLC Has $2.65 Million Stake in Weyerhaeuser (NYSE:WY)

Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of Weyerhaeuser (NYSE:WY) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,178 shares of the real estate investment trust’s stock after buying an additional 645 shares during the quarter. Weyerhaeuser comprises 0.8% of Schwarz Dygos Wheeler Investment Advisors LLC’s portfolio, making the stock its 28th biggest holding. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Weyerhaeuser were worth $2,649,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WY. Wellington Management Group LLP raised its position in Weyerhaeuser by 22.7% in 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 in the last quarter. Jupiter Asset Management Ltd. raised its position in Weyerhaeuser by 376.3% in 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 in the last quarter. FMR LLC raised its position in Weyerhaeuser by 64.5% in 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 in the last quarter. Barclays PLC raised its position in Weyerhaeuser by 47.1% in 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 in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in Weyerhaeuser in the fourth quarter worth about $36,237,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.3 %

WY traded down $0.41 during trading on Friday, hitting $31.05. The company had a trading volume of 3,616,663 shares, compared to its average volume of 2,781,766. The company has a market capitalization of $22.65 billion, a PE ratio of 28.23 and a beta of 1.43. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The firm’s 50-day moving average price is $33.94 and its 200 day moving average price is $32.71. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 6.98%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser will post 0.99 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. Weyerhaeuser’s payout ratio is currently 72.73%.

Wall Street Analyst Weigh In

WY has been the subject of several recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a report on Monday, January 29th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.00.

Insider Transactions at Weyerhaeuser

In other news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction dated 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 directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Keith O’rear sold 8,349 shares of Weyerhaeuser stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the sale, the senior vice president now 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 Securities & Exchange Commission, which is accessible through this link. Also, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, 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 ninety days. Insiders own 0.27% of the company’s stock.

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.