Van Cleef Asset Management Inc Buys 3,097 Shares of Weyerhaeuser Company $WY

Van Cleef Asset Management Inc boosted its position in Weyerhaeuser Company (NYSE:WY) by 8.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,446 shares of the real estate investment trust’s stock after purchasing an additional 3,097 shares during the quarter. Van Cleef Asset Management Inc’s holdings in Weyerhaeuser were worth $988,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Weyerhaeuser in the second quarter valued at approximately $1,370,000. HB Wealth Management LLC lifted its holdings in shares of Weyerhaeuser by 3.3% during the 2nd quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 663 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock valued at $1,087,000 after purchasing an additional 17,132 shares during the last quarter. Cambiar Investors LLC acquired a new stake in shares of Weyerhaeuser in the 2nd quarter worth $32,721,000. Finally, Grove Bank & Trust grew its stake in Weyerhaeuser by 3,048.9% during the 2nd quarter. Grove Bank & Trust now owns 20,342 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 19,696 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

NYSE:WY opened at $23.10 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser Company has a 52 week low of $22.28 and a 52 week high of $32.70. The stock’s 50-day moving average price is $24.29 and its 200-day moving average price is $25.41. The stock has a market capitalization of $16.65 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the business posted $0.05 earnings per share. Weyerhaeuser’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of Weyerhaeuser stock in a transaction on Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of research analyst reports. DA Davidson decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial dropped their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Royal Bank Of Canada decreased their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Finally, Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Weyerhaeuser Company 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.