Kentucky Retirement Systems Reduces Stock Holdings in Weyerhaeuser (NYSE:WY)

Kentucky Retirement Systems cut its stake in Weyerhaeuser (NYSE:WY) by 7.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,669 shares of the real estate investment trust’s stock after selling 4,267 shares during the quarter. Kentucky Retirement Systems’ holdings in Weyerhaeuser were worth $1,716,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WY. Wedmont Private Capital lifted its stake in shares of Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. lifted its position in Weyerhaeuser by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 366 shares during the period. CWM LLC boosted its holdings in shares of Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after buying an additional 368 shares in the last quarter. Trust Co. of Toledo NA OH increased its stake in shares of Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after acquiring an additional 402 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of Weyerhaeuser by 5.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 8,294 shares of the real estate investment trust’s stock worth $281,000 after acquiring an additional 414 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WY has been the subject of a number of analyst reports. Royal Bank of Canada raised their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Truist Financial lifted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Price Performance

Shares of WY opened at $31.02 on Tuesday. The firm has a fifty day simple moving average of $32.32 and a two-hundred day simple moving average of $30.79. The firm has a market cap of $22.54 billion, a PE ratio of 41.92 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, equities analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 80.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 79.01 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.30% 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.