Torch Wealth Management LLC lowered its holdings in Weyerhaeuser Co (NYSE:WY) by 16.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,390 shares of the real estate investment trust’s stock after selling 8,500 shares during the quarter. Torch Wealth Management LLC’s holdings in Weyerhaeuser were worth $1,169,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Eagle Ridge Investment Management boosted its stake in Weyerhaeuser by 1.2% in the 2nd quarter. Eagle Ridge Investment Management now owns 227,988 shares of the real estate investment trust’s stock valued at $6,005,000 after buying an additional 2,721 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in Weyerhaeuser by 51.2% in the 2nd quarter. Anchor Capital Advisors LLC now owns 22,914 shares of the real estate investment trust’s stock valued at $604,000 after buying an additional 7,760 shares in the last quarter. Stephens Inc. AR boosted its stake in Weyerhaeuser by 3.0% in the 2nd quarter. Stephens Inc. AR now owns 129,049 shares of the real estate investment trust’s stock valued at $3,399,000 after buying an additional 3,713 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Weyerhaeuser by 155.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 188,238 shares of the real estate investment trust’s stock valued at $4,961,000 after buying an additional 114,439 shares in the last quarter. Finally, Keating Investment Counselors Inc. boosted its stake in Weyerhaeuser by 20.7% in the 2nd quarter. Keating Investment Counselors Inc. now owns 269,614 shares of the real estate investment trust’s stock valued at $7,102,000 after buying an additional 46,174 shares in the last quarter. 76.50% of the stock is currently owned by hedge funds and other institutional investors.
WY stock traded up $0.18 during trading on Thursday, hitting $24.68. The company had a trading volume of 91,968 shares, compared to its average volume of 3,685,970. The firm’s fifty day moving average is $25.59. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $18.41 billion, a P/E ratio of 20.89, a P/E/G ratio of 8.05 and a beta of 1.71. Weyerhaeuser Co has a fifty-two week low of $20.52 and a fifty-two week high of $35.79.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.06. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.73 billion. Weyerhaeuser had a return on equity of 5.47% and a net margin of 0.01%. Weyerhaeuser’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. As a group, analysts expect that Weyerhaeuser Co will post 0.61 earnings per share for the current year.
In related news, insider Devin W. Stockfish purchased 5,195 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of $23.03 per share, with a total value of $119,640.85. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is owned by insiders.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.
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