HighTower Advisors LLC Sells 143,860 Shares of Weyerhaeuser Company $WY

HighTower Advisors LLC lowered its position in Weyerhaeuser Company (NYSE:WY) by 43.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 187,637 shares of the real estate investment trust’s stock after selling 143,860 shares during the period. HighTower Advisors LLC’s holdings in Weyerhaeuser were worth $4,445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. NovaPoint Capital LLC boosted its holdings in shares of Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 385 shares during the last quarter. BOKF NA boosted its holdings in shares of Weyerhaeuser by 4.6% during the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Weyerhaeuser by 27.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 487 shares during the last quarter. Kiley Juergens Wealth Management LLC boosted its holdings in shares of Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 487 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Weyerhaeuser by 23.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 488 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 0.3%

WY stock opened at $24.59 on Friday. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm’s fifty day simple moving average is $24.04 and its two-hundred day simple moving average is $24.22.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company earned $0.11 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, analysts anticipate that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Analyst Upgrades and Downgrades

Several research analysts have commented on WY shares. Truist Financial dropped their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a report on Thursday, April 23rd. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.