Towne Trust Company N.A Sells 24,086 Shares of Weyerhaeuser Company $WY

Towne Trust Company N.A decreased its holdings in Weyerhaeuser Company (NYSE:WY) by 38.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,279 shares of the real estate investment trust’s stock after selling 24,086 shares during the period. Towne Trust Company N.A’s holdings in Weyerhaeuser were worth $931,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of Weyerhaeuser by 7.7% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 7,000 shares of the real estate investment trust’s stock valued at $166,000 after acquiring an additional 500 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Weyerhaeuser by 11.1% in the 4th quarter. Farther Finance Advisors LLC now owns 12,313 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 1,228 shares during the last quarter. Guidance Capital Inc. lifted its holdings in shares of Weyerhaeuser by 9.2% in the 4th quarter. Guidance Capital Inc. now owns 42,454 shares of the real estate investment trust’s stock valued at $1,006,000 after acquiring an additional 3,565 shares during the last quarter. Patton Fund Management Inc. lifted its holdings in shares of Weyerhaeuser by 14.0% in the 4th quarter. Patton Fund Management Inc. now owns 10,124 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 1,245 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Weyerhaeuser by 25.4% in the 4th quarter. Assetmark Inc. now owns 3,974 shares of the real estate investment trust’s stock valued at $94,000 after acquiring an additional 804 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $24.22 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $27.86. The firm has a market capitalization of $17.46 billion, a P/E ratio of 55.04, a price-to-earnings-growth ratio of 2.60 and a beta of 0.98. The company’s 50-day moving average is $24.73 and its 200 day moving average is $24.18.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. Research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is currently 190.91%.

Analyst Ratings Changes

WY has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Citigroup increased their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Truist Financial reduced their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday. DA Davidson reissued a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, March 31st. Finally, Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.75.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 4,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Beckwitt bought 20,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was bought at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.31% of the stock is owned by corporate insiders.

Weyerhaeuser Company Profile

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.