Knights of Columbus Asset Advisors LLC Sells 26,588 Shares of Weyerhaeuser Company $WY

Knights of Columbus Asset Advisors LLC decreased its holdings in Weyerhaeuser Company (NYSE:WY) by 29.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,912 shares of the real estate investment trust’s stock after selling 26,588 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Weyerhaeuser were worth $1,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of WY. NovaPoint Capital LLC grew its stake in shares of Weyerhaeuser by 2.7% during the fourth quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock worth $352,000 after acquiring an additional 385 shares during the last quarter. BOKF NA increased its stake in Weyerhaeuser by 4.6% during the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 463 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Weyerhaeuser by 23.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 472 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Weyerhaeuser by 27.6% in the fourth quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 487 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC raised its holdings in shares of Weyerhaeuser by 2.4% in the fourth quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 487 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.59 on Friday. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 45.53, a PEG ratio of 1.39 and a beta of 0.90. The stock has a 50-day moving average of $24.04 and a 200 day moving average of $24.22. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $27.86.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. Sell-side analysts anticipate that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Analysts Set New Price Targets

WY has been the subject of several recent research reports. 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. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research report on Thursday, April 23rd. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, Truist Financial decreased their price target on 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 and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.88.

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.