Amalgamated Bank Cuts Stock Holdings in Weyerhaeuser (NYSE:WY)

Amalgamated Bank trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,753 shares of the real estate investment trust’s stock after selling 541 shares during the period. Amalgamated Bank’s holdings in Weyerhaeuser were worth $6,528,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Millburn Ridgefield Corp purchased a new position in Weyerhaeuser in the third quarter valued at about $25,000. Raleigh Capital Management Inc. increased its stake in 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 Weyerhaeuser during the fourth quarter worth $26,000. Lindbrook Capital LLC boosted its position in Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 427 shares in the last quarter. Finally, Rational Advisors LLC acquired a new stake in Weyerhaeuser in the third quarter valued at $40,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 0.3 %

Shares of NYSE WY opened at $31.09 on Monday. The stock has a market capitalization of $22.67 billion, a PE ratio of 28.26 and a beta of 1.47. 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 fifty day moving average of $33.69 and a 200-day moving average of $32.77. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.80 billion during 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%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, analysts anticipate that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.57%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’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 document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Keith O’rear sold 8,349 shares of the firm’s 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 owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank of Canada cut their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. BMO Capital Markets boosted their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a report on Friday, March 22nd. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Truist Financial reissued a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. 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, the company presently has a consensus rating of “Hold” and an average price target of $37.67.

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.