Phocas Financial Corp. Grows Holdings in Weyerhaeuser (NYSE:WY)

Phocas Financial Corp. increased its position in Weyerhaeuser (NYSE:WYGet Rating) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,247 shares of the real estate investment trust’s stock after acquiring an additional 373 shares during the quarter. Phocas Financial Corp.’s holdings in Weyerhaeuser were worth $969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Advocates Investment Management increased its holdings in Weyerhaeuser by 7.7% in the 3rd quarter. Financial Advocates Investment Management now owns 7,348 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 528 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in Weyerhaeuser by 9.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 347,464 shares of the real estate investment trust’s stock worth $9,924,000 after purchasing an additional 30,881 shares during the period. Treasurer of the State of North Carolina boosted its stake in Weyerhaeuser by 3.1% in the 3rd quarter. Treasurer of the State of North Carolina now owns 406,727 shares of the real estate investment trust’s stock worth $11,616,000 after purchasing an additional 12,332 shares during the period. Utah Retirement Systems boosted its stake in Weyerhaeuser by 0.5% in the 3rd quarter. Utah Retirement Systems now owns 133,645 shares of the real estate investment trust’s stock worth $3,817,000 after purchasing an additional 600 shares during the period. Finally, Virtu Financial LLC boosted its stake in Weyerhaeuser by 21.5% in the 2nd quarter. Virtu Financial LLC now owns 18,393 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 3,260 shares during the period. 80.86% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.55 during midday trading on Friday, reaching $29.21. 9,390,335 shares of the stock traded hands, compared to its average volume of 3,691,333. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.26. The stock has a market capitalization of $21.39 billion, a PE ratio of 11.55 and a beta of 1.47. Weyerhaeuser has a one year low of $27.36 and a one year high of $42.86. The company’s 50 day moving average is $32.07 and its 200 day moving average is $31.47.

Weyerhaeuser (NYSE:WYGet Rating) last released its quarterly earnings results on Friday, January 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Weyerhaeuser had a return on equity of 21.08% and a net margin of 18.46%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. Weyerhaeuser’s quarterly revenue was down 17.4% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser will post 1.05 earnings per share for the current year.

Weyerhaeuser Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, March 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $0.76 annualized dividend and a yield of 2.60%. Weyerhaeuser’s payout ratio is presently 30.04%.

Insider Activity at Weyerhaeuser

In related news, CEO Devin W. Stockfish sold 1,800 shares of the stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $36.00, for a total transaction of $64,800.00. Following the sale, the chief executive officer now owns 567,381 shares in the company, valued at approximately $20,425,716. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WY shares. Citigroup upped their price target on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, January 31st. Raymond James upped their price target on Weyerhaeuser from $38.00 to $42.00 and gave the stock a “strong-buy” rating in a research note on Monday, February 13th. StockNews.com started coverage on Weyerhaeuser in a research note on Thursday. They issued a “hold” rating for the company. Finally, BMO Capital Markets lowered their target price on Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating for the company in a research report on Monday, February 6th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $37.43.

About Weyerhaeuser

(Get Rating)

Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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