KLCM Advisors Inc. Boosts Stake in Weyerhaeuser Company $WY

KLCM Advisors Inc. grew its stake in shares of Weyerhaeuser Company (NYSE:WY) by 42.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 118,350 shares of the real estate investment trust’s stock after buying an additional 35,538 shares during the quarter. KLCM Advisors Inc.’s holdings in Weyerhaeuser were worth $2,804,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at $39,000. Optiver Holding B.V. purchased a new stake in shares of Weyerhaeuser during the 3rd quarter valued at $42,000. Costello Asset Management INC raised its position in shares of Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at $44,000. Finally, Cromwell Holdings LLC raised its position in shares of Weyerhaeuser by 38.0% during the 4th quarter. Cromwell Holdings LLC now owns 1,878 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 517 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $25.70 per share, with a total value of $514,000.00. Following the transaction, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke bought 4,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on WY shares. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday. Truist Financial reduced their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. DA Davidson reaffirmed a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Monday, May 4th. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a report on Thursday, April 23rd. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average price target of $28.50.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $23.43 on Tuesday. The firm has a market cap of $16.89 billion, a PE ratio of 43.38, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86. 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 company’s fifty day simple moving average is $24.21 and its two-hundred day simple moving average is $24.20.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, equities analysts expect that Weyerhaeuser Company will post 0.28 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

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.