Mraz Amerine & Associates Inc. Sells 872 Shares of Weyerhaeuser (NYSE:WY)

Mraz Amerine & Associates Inc. cut its stake in shares of Weyerhaeuser (NYSE:WY) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,609 shares of the real estate investment trust’s stock after selling 872 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Weyerhaeuser were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Millburn Ridgefield Corp bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its holdings 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 worth $26,000 after acquiring an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Weyerhaeuser in the second quarter worth $26,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Weyerhaeuser in the second quarter worth $36,000. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on WY shares. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research report on Monday, January 29th. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, BMO Capital Markets upped their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.00.

Insider Buying and Selling at Weyerhaeuser

In other news, SVP Keith O’rear sold 8,349 shares of the company’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the company’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 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. In the last 90 days, insiders have sold 42,699 shares of company stock worth $1,455,609. Company insiders own 0.30% of the company’s stock.

Weyerhaeuser Stock Down 1.4 %

Weyerhaeuser stock traded down $0.45 during mid-day trading on Wednesday, reaching $31.52. The stock had a trading volume of 3,392,180 shares, compared to its average volume of 3,447,575. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 27.80 and a beta of 1.43. The company has a 50-day moving average price of $34.21 and a two-hundred day moving average price of $32.66. Weyerhaeuser has a one year low of $28.12 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. On average, analysts expect that Weyerhaeuser will post 1.03 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

Weyerhaeuser Company Profile

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.