Ridgewood Investments LLC Buys Shares of 929 Weyerhaeuser (NYSE:WY)

Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser (NYSE:WY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 929 shares of the real estate investment trust’s stock, valued at approximately $26,000.

A number of other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after acquiring an additional 2,874,101 shares in the last quarter. Wellington Management Group LLP increased its holdings in Weyerhaeuser by 53.2% in the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after buying an additional 10,271,891 shares during the last quarter. Norges Bank purchased a new stake in Weyerhaeuser during the 4th quarter worth about $753,497,000. Charles Schwab Investment Management Inc. boosted its position in shares of Weyerhaeuser by 2.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock worth $278,550,000 after acquiring an additional 198,789 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Weyerhaeuser by 3.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,599,173 shares of the real estate investment trust’s stock worth $187,351,000 after purchasing an additional 193,087 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on WY shares. Truist Financial dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. DA Davidson lowered their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Royal Bank of Canada increased their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.83.

Weyerhaeuser Stock Down 0.8 %

NYSE:WY traded down $0.25 on Friday, reaching $30.24. The stock had a trading volume of 390,325 shares, compared to its average volume of 3,536,332. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock has a market cap of $21.99 billion, a P/E ratio of 27.48 and a beta of 1.39. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $29.78 and a 200 day moving average of $31.46.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts predict that Weyerhaeuser will post 0.59 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling

In other news, Director Albert Monaco bought 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Albert Monaco acquired 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the transaction, the director now directly owns 5,790 shares in the company, valued at $170,226. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

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.