Weyerhaeuser (NYSE:WY) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in Weyerhaeuser (NYSE:WY) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,600,713 shares of the real estate investment trust’s stock after selling 125,595 shares during the period. Federated Hermes Inc.’s holdings in Weyerhaeuser were worth $55,657,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Millburn Ridgefield Corp purchased a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $25,000. Raleigh Capital Management Inc. raised its stake in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Weyerhaeuser during the 4th quarter worth about $26,000. Eagle Bay Advisors LLC acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $26,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WY shares. CIBC set a $37.00 price target on Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reiterated a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $31.47 on Friday. The business’s fifty day moving average price is $34.11 and its 200 day moving average price is $32.66. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $22.96 billion, a P/E ratio of 27.37 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, research analysts anticipate that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.54%. Weyerhaeuser’s payout ratio is 69.57%.

Insider Activity

In other news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David M. Wold sold 924 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. In the last three months, insiders sold 42,699 shares of company stock valued at $1,455,609. Company insiders own 0.27% of the company’s stock.

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.