American National Bank & Trust Invests $313,000 in Weyerhaeuser Company $WY

Key Points

• American National Bank & Trust invested approximately $313,000 in Weyerhaeuser Company by purchasing 12,200 shares during the second quarter.
• Weyerhaeuser reported earnings of $0.12 per share, exceeding expectations, but its revenue fell by 2.8% year-over-year.
• The company recently announced a quarterly dividend of $0.21 per share, resulting in an annualized yield of 3.4%, with a high dividend payout ratio of 221.05%.

American National Bank & Trust bought a new position in Weyerhaeuser Company (NYSE:WY - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,200 shares of the real estate investment trust's stock, valued at approximately $313,000.

Several other hedge funds also recently made changes to their positions in WY. GKV Capital Management Co. Inc. acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $31,000. Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $32,000. Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $36,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth $40,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE:WY opened at $24.53 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $25.49 and a two-hundred day moving average price of $26.23. Weyerhaeuser Company has a twelve month low of $23.98 and a twelve month high of $34.03. The company has a market capitalization of $17.70 billion, a P/E ratio of 64.55, a price-to-earnings-growth ratio of 84.75 and a beta of 1.07.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $0.21 EPS. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Analysts Set New Price Targets

WY has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Truist Financial reduced their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. JPMorgan Chase & Co. reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Wall Street Zen cut shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, CIBC reduced their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and an average price target of $32.88.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the company's stock in a transaction on Monday, August 11th. The stock was purchased at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director owned 21,478 shares of the company's stock, valued at $543,178.62. The trade was a 22.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company's stock.

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.

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