Silver Lake Advisory LLC Has $3.54 Million Stock Holdings in Weyerhaeuser (NYSE:WY)

Silver Lake Advisory LLC lifted its holdings in Weyerhaeuser (NYSE:WY) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,699 shares of the real estate investment trust’s stock after buying an additional 1,149 shares during the quarter. Weyerhaeuser comprises 2.0% of Silver Lake Advisory LLC’s portfolio, making the stock its 25th biggest holding. Silver Lake Advisory LLC’s holdings in Weyerhaeuser were worth $3,536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in shares of Weyerhaeuser by 22.7% in the 3rd quarter. Wellington Management Group LLP now owns 19,299,328 shares of the real estate investment trust’s stock valued at $591,717,000 after buying an additional 3,573,013 shares during the period. Jupiter Asset Management Ltd. increased 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 during the period. FMR LLC raised its holdings in Weyerhaeuser by 64.5% during the 3rd 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 during the last quarter. Barclays PLC lifted its position in Weyerhaeuser by 47.1% during the 3rd quarter. Barclays PLC now owns 3,375,375 shares of the real estate investment trust’s stock valued at $103,489,000 after purchasing an additional 1,080,407 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Weyerhaeuser in the 4th quarter valued at about $36,237,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock traded up $0.47 on Thursday, reaching $30.67. The stock had a trading volume of 1,198,350 shares, compared to its average volume of 3,410,426. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of 27.45 and a beta of 1.47. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The firm’s 50-day moving average is $33.78 and its two-hundred day moving average is $32.74.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. Weyerhaeuser’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. On average, research analysts expect that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’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 sale, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the 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 transaction, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $37.67.

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.