Burns Matteson Capital Management LLC Has $1.51 Million Position in Weyerhaeuser Company $WY

Burns Matteson Capital Management LLC decreased its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 33.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 60,880 shares of the real estate investment trust’s stock after selling 30,368 shares during the period. Burns Matteson Capital Management LLC’s holdings in Weyerhaeuser were worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. GKV Capital Management Co. Inc. bought a new position in shares of Weyerhaeuser in the first quarter valued at about $29,000. Hantz Financial Services Inc. raised its holdings in Weyerhaeuser by 86.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares during the period. Private Wealth Asset Management LLC lifted its position in Weyerhaeuser by 135.2% during the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 807 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth approximately $41,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Weyerhaeuser in the second quarter valued at approximately $49,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average cost of $23.61 per share, with a total value of $106,245.00. Following the acquisition, the director directly owned 25,978 shares in the company, valued at $613,340.58. This represents a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is owned by corporate insiders.

Weyerhaeuser Trading Down 0.1%

WY opened at $23.74 on Friday. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 52.75, a P/E/G ratio of 124.42 and a beta of 1.08. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. Weyerhaeuser Company has a twelve month low of $21.16 and a twelve month high of $31.66. The company has a 50-day simple moving average of $22.77 and a 200 day simple moving average of $24.59.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s payout ratio is currently 186.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Monday. Royal Bank Of Canada dropped their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Citigroup decreased their price target on shares of Weyerhaeuser from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Truist Financial cut their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.88.

About Weyerhaeuser

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.