Buckhead Capital Management LLC Has $375,000 Stock Position in Weyerhaeuser (NYSE:WY)

Buckhead Capital Management LLC cut its position in Weyerhaeuser (NYSE:WY) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,796 shares of the real estate investment trust’s stock after selling 740 shares during the quarter. Buckhead Capital Management LLC’s holdings in Weyerhaeuser were worth $375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in Weyerhaeuser by 40.4% during the 4th quarter. Brighton Jones LLC now owns 11,726 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 3,377 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in shares of Weyerhaeuser by 124.2% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 178,820 shares of the real estate investment trust’s stock valued at $6,218,000 after purchasing an additional 99,060 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Weyerhaeuser by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 46,959 shares of the real estate investment trust’s stock valued at $1,633,000 after purchasing an additional 2,383 shares in the last quarter. Naviter Wealth LLC boosted its stake in shares of Weyerhaeuser by 11.0% during the fourth quarter. Naviter Wealth LLC now owns 47,807 shares of the real estate investment trust’s stock valued at $1,662,000 after purchasing an additional 4,720 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Weyerhaeuser during the fourth quarter valued at about $238,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Up 0.1 %

Shares of NYSE WY traded up $0.03 during mid-day trading on Wednesday, hitting $30.20. 4,221,350 shares of the stock traded hands, compared to its average volume of 3,437,773. The stock has a fifty day moving average price of $33.84 and a 200-day moving average price of $32.76. The company has a market cap of $22.02 billion, a price-to-earnings ratio of 27.81 and a beta of 1.43. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. Weyerhaeuser’s revenue for the quarter was down 4.5% compared to the same quarter last year. Research analysts anticipate that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.20 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. Weyerhaeuser’s dividend payout ratio is 72.73%.

Analysts Set New Price Targets

A number of brokerages have recently commented on WY. StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. 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 research report on Friday, March 22nd. Royal Bank of Canada lowered their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Truist Financial restated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.67.

Insider Transactions at Weyerhaeuser

In related news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction dated 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 available through this link. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock valued at $1,455,609 over the last 90 days. Company insiders own 0.30% of the company’s stock.

About Weyerhaeuser

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.