Foundations Investment Advisors LLC Lowers Holdings in Weyerhaeuser (NYSE:WY)

Foundations Investment Advisors LLC lowered its position in shares of Weyerhaeuser (NYSE:WYFree Report) by 4.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,005 shares of the real estate investment trust’s stock after selling 467 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Weyerhaeuser were worth $335,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Millburn Ridgefield Corp purchased a new position in Weyerhaeuser in the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. raised its position in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $26,000. Lindbrook Capital LLC raised its position in shares of Weyerhaeuser by 92.6% in the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares in the last quarter. Finally, Rational Advisors LLC acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Activity at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WY. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Royal Bank of Canada reduced their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. BMO Capital Markets increased their price objective 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. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Finally, Truist Financial reissued a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.67.

Get Our Latest Report on WY

Weyerhaeuser Stock Performance

Shares of WY stock opened at $31.17 on Friday. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $22.72 billion, a price-to-earnings ratio of 28.34 and a beta of 1.47. The stock’s fifty day simple moving average is $33.05 and its 200-day simple moving average is $32.90.

Weyerhaeuser (NYSE:WYGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. Weyerhaeuser’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, sell-side analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.20 per share. The ex-dividend date is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. Weyerhaeuser’s payout ratio is 72.73%.

Weyerhaeuser Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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