Skba Capital Management LLC Has $9.91 Million Holdings in Weyerhaeuser Company $WY

Skba Capital Management LLC boosted its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 12.2% in the third quarter, HoldingsChannel reports. The firm owned 399,665 shares of the real estate investment trust’s stock after acquiring an additional 43,350 shares during the period. Skba Capital Management LLC’s holdings in Weyerhaeuser were worth $9,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of WY. Hantz Financial Services Inc. raised its holdings in shares of Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Weyerhaeuser by 401.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 959 shares during the last quarter. Cromwell Holdings LLC lifted its position in shares of Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 501 shares in the last quarter. Operose Advisors LLC bought a new stake in shares of Weyerhaeuser during the second quarter valued at approximately $41,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 0.6%

NYSE:WY opened at $24.78 on Wednesday. The stock has a 50-day simple moving average of $25.58 and a 200 day simple moving average of $24.46. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $31.66. The company has a market cap of $17.86 billion, a PE ratio of 56.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $0.11 EPS. The business’s revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s payout ratio is currently 190.91%.

Insider Buying and Selling

In other news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the sale, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke bought 4,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were purchased at an average price of $25.35 per share, for a total transaction 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. The trade was a 16.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 28,500 shares of company stock worth $721,645. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

WY has been the subject of several research reports. Bank of America reissued a “neutral” rating and issued a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, DA Davidson restated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser 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.