Van Cleef Asset Management Inc Raises Stock Holdings in Weyerhaeuser (NYSE:WY)

Van Cleef Asset Management Inc grew its stake in Weyerhaeuser (NYSE:WY) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,560 shares of the real estate investment trust’s stock after acquiring an additional 4,565 shares during the quarter. Weyerhaeuser comprises approximately 0.9% of Van Cleef Asset Management Inc’s portfolio, making the stock its 24th biggest holding. Van Cleef Asset Management Inc’s holdings in Weyerhaeuser were worth $6,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in WY. Stevens Capital Management LP increased its stake in Weyerhaeuser by 46.7% during the fourth quarter. Stevens Capital Management LP now owns 35,442 shares of the real estate investment trust’s stock worth $1,232,000 after acquiring an additional 11,289 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Weyerhaeuser by 10.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,655 shares of the real estate investment trust’s stock valued at $649,000 after buying an additional 1,735 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $312,000. Larson Financial Group LLC grew its stake in shares of Weyerhaeuser by 3.9% in the fourth quarter. Larson Financial Group LLC now owns 42,655 shares of the real estate investment trust’s stock valued at $1,483,000 after buying an additional 1,596 shares in the last quarter. Finally, Duality Advisers LP grew its stake in shares of Weyerhaeuser by 73.2% in the fourth quarter. Duality Advisers LP now owns 156,789 shares of the real estate investment trust’s stock valued at $5,452,000 after buying an additional 66,250 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded down $0.08 during trading on Thursday, hitting $31.46. 2,473,841 shares of the stock were exchanged, compared to its average volume of 3,415,265. The stock’s fifty day moving average is $34.02 and its 200 day moving average is $32.72. The stock has a market cap of $22.95 billion, a PE ratio of 27.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.21 EPS. As a group, sell-side analysts anticipate that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.54%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio (DPR) is currently 69.57%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction on 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 in the company, valued at $1,991,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders sold 42,699 shares of company stock valued at $1,455,609 over the last 90 days. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Weyerhaeuser 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.