Strong Tower Advisory Services Acquires 4,893 Shares of Weyerhaeuser Company $WY

Strong Tower Advisory Services increased its position in Weyerhaeuser Company (NYSE:WY) by 6.1% during the second quarter, Holdings Channel.com reports. The firm owned 85,453 shares of the real estate investment trust’s stock after buying an additional 4,893 shares during the quarter. Strong Tower Advisory Services’ holdings in Weyerhaeuser were worth $2,195,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WY. Nuveen LLC bought a new position in shares of Weyerhaeuser in the 1st quarter worth $107,330,000. Millennium Management LLC lifted its holdings in shares of Weyerhaeuser by 2,952.7% in the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust’s stock worth $91,657,000 after purchasing an additional 3,027,823 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Weyerhaeuser by 63.9% in the 1st quarter. Bank of New York Mellon Corp now owns 7,265,484 shares of the real estate investment trust’s stock worth $212,733,000 after purchasing an additional 2,833,288 shares in the last quarter. Clean Energy Transition LLP bought a new position in shares of Weyerhaeuser in the 1st quarter worth $55,429,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Weyerhaeuser in the 1st quarter worth $53,061,000. 82.99% of the stock is currently owned by institutional investors.

Insider Activity

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director directly owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WY shares. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Truist Financial dropped their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Monday, July 28th. DA Davidson restated a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a research note on Monday, September 29th. CIBC dropped their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.88.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $23.95 on Friday. Weyerhaeuser Company has a 1-year low of $23.92 and a 1-year high of $33.56. The stock has a market cap of $17.28 billion, a PE ratio of 63.03, a price-to-earnings-growth ratio of 155.60 and a beta of 1.05. The stock’s fifty day simple moving average is $25.30 and its two-hundred day simple moving average is $25.89. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $0.21 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 221.05%.

Weyerhaeuser 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.