Baugh & Associates LLC Purchases New Position in Weyerhaeuser Company $WY

Baugh & Associates LLC purchased a new stake in shares of Weyerhaeuser Company (NYSE:WY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 192,550 shares of the real estate investment trust’s stock, valued at approximately $4,562,000. Weyerhaeuser accounts for about 2.3% of Baugh & Associates LLC’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Goldman Sachs Group Inc. boosted its position in shares of Weyerhaeuser by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock valued at $65,878,000 after buying an additional 346,571 shares during the last quarter. Empowered Funds LLC raised its position in Weyerhaeuser by 3.4% in the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock valued at $1,348,000 after buying an additional 1,498 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock valued at $1,647,000 after purchasing an additional 3,124 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Weyerhaeuser by 24.5% during the second quarter. Cetera Investment Advisers now owns 85,961 shares of the real estate investment trust’s stock valued at $2,208,000 after purchasing an additional 16,932 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Weyerhaeuser by 29.1% during the second quarter. Advisors Asset Management Inc. now owns 3,464 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 780 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.88 on Friday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $29.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The stock’s fifty day moving average price is $25.25 and its two-hundred day moving average price is $24.20. The firm has a market cap of $17.21 billion, a PE ratio of 54.27 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company 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 company earned $0.11 EPS. The firm’s quarterly revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio is 190.91%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were bought at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin O’rourke purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director directly owned 28,661 shares in the company, valued at $726,556.35. This represents a 16.22% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 2nd. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.