KLCM Advisors Inc. lifted its stake in Weyerhaeuser Company (NYSE:WY – Free Report) by 42.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,350 shares of the real estate investment trust’s stock after acquiring an additional 35,538 shares during the quarter. KLCM Advisors Inc.’s holdings in Weyerhaeuser were worth $2,804,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter worth approximately $39,000. Optiver Holding B.V. bought a new stake in shares of Weyerhaeuser in the third quarter worth approximately $42,000. Costello Asset Management INC grew its stake in shares of Weyerhaeuser by 118.9% in the fourth quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 976 shares during the period. Lodestone Wealth Management LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter worth approximately $44,000. Finally, Cromwell Holdings LLC grew its stake in shares of Weyerhaeuser by 38.0% in the fourth quarter. Cromwell Holdings LLC now owns 1,878 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 517 shares during the period. 82.99% of the stock is currently owned by institutional investors.
Weyerhaeuser Price Performance
WY stock opened at $23.43 on Tuesday. Weyerhaeuser Company has a one year low of $21.16 and a one year high of $27.86. The company’s fifty day moving average price is $24.21 and its 200-day moving average price is $24.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market capitalization of $16.89 billion, a PE ratio of 43.38, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.
Weyerhaeuser Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s payout ratio is 155.56%.
Analyst Ratings Changes
A number of analysts have recently commented on WY shares. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Citigroup reduced their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Truist Financial reduced their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.50.
Check Out Our Latest Stock Analysis on WY
Insider Buying and Selling at Weyerhaeuser
In related news, Director James Calvin O’rourke bought 4,000 shares of the stock in a transaction dated Friday, February 20th. The shares were purchased at an average price of $25.35 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director owned 28,661 shares of the company’s stock, valued at $726,556.35. This represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Beckwitt bought 20,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the acquisition, the director directly owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. This represents a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.31% of the stock is currently owned by insiders.
About Weyerhaeuser
Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.
Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.
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