Hills Bank & Trust Co Purchases New Stake in Weyerhaeuser (NYSE:WY)

Hills Bank & Trust Co acquired a new position in shares of Weyerhaeuser (NYSE:WY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,262 shares of the real estate investment trust’s stock, valued at approximately $110,000.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Weyerhaeuser by 6.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock valued at $2,199,000 after buying an additional 3,772 shares during the period. Norden Group LLC acquired a new position in shares of Weyerhaeuser in the 1st quarter valued at $832,000. First Trust Direct Indexing L.P. boosted its position in shares of Weyerhaeuser by 28.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 16,177 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 3,574 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Weyerhaeuser by 19.8% during the first quarter. Van ECK Associates Corp now owns 56,266 shares of the real estate investment trust’s stock worth $2,020,000 after purchasing an additional 9,307 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in Weyerhaeuser in the first quarter valued at about $313,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 0.1 %

Shares of NYSE:WY opened at $31.18 on Friday. The firm has a market cap of $22.65 billion, a price-to-earnings ratio of 42.14 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company’s fifty day simple moving average is $32.14 and its 200 day simple moving average is $30.79.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS 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 analyst estimates of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, research analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Albert Monaco bought 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price 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 in the company, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction 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 completion of the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of several analyst reports. DA Davidson decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada upped their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Truist Financial lifted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $36.33.

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.