Cambiar Investors LLC Reduces Stock Position in Weyerhaeuser Company $WY

Key Points

• Cambiar Investors LLC trimmed its Weyerhaeuser stake by 15.8% in Q4, selling 187,839 shares and finishing with 1,000,541 shares (about 0.14% of the company) valued at roughly $23.7 million.
• Company insiders bought shares: Director Richard Beckwitt purchased 20,000 shares at $25.70 (a ~491.9% increase in his holding) and director James Calvin O'Rourke purchased 4,000 shares at $25.35.
• Dividend and payout: Weyerhaeuser declared a quarterly dividend of $0.21 ($0.84 annualized) for a ~3.4% yield, but the dividend payout ratio is an elevated 190.9%, meaning dividends currently exceed recent earnings.

Cambiar Investors LLC lowered its stake in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,541 shares of the real estate investment trust's stock after selling 187,839 shares during the period. Cambiar Investors LLC owned 0.14% of Weyerhaeuser worth $23,703,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. NovaPoint Capital LLC lifted its position 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 in the last quarter. BOKF NA lifted its position in shares of Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust's stock worth $260,000 after acquiring an additional 463 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of Weyerhaeuser by 27.6% during the fourth quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 487 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Weyerhaeuser by 23.6% during the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust's stock worth $64,000 after acquiring an additional 488 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in shares of Weyerhaeuser by 6.4% during the third quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust's stock worth $206,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.

Insider Transactions at Weyerhaeuser

In other news, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction on Thursday, February 19th. The shares were acquired at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares of the company's stock, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director James Calvin O'rourke purchased 4,000 shares of the stock in a transaction 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 transaction, the director directly owned 28,661 shares of the company's stock, valued at approximately $726,556.35. This represents a 16.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.27% of the company's stock.

Weyerhaeuser Trading Down 0.7%

Weyerhaeuser stock opened at $24.65 on Friday. The stock has a market cap of $17.77 billion, a P/E ratio of 56.01, a PEG ratio of 2.65 and a beta of 0.98. Weyerhaeuser Company has a fifty-two week low of $21.16 and a fifty-two week high of $27.86. The firm's fifty day moving average price is $24.84 and its 200-day moving average price is $24.17. 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 - Get Free Report) 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 the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business's quarterly revenue was down 9.8% on a year-over-year basis. Equities research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. Weyerhaeuser's dividend payout ratio (DPR) is presently 190.91%.

Analyst Ratings Changes

Several research firms have issued reports on WY. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. DA Davidson reaffirmed a "buy" rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, March 31st. Citigroup upped their price target on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Weiss Ratings raised shares of Weyerhaeuser from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, February 10th. Finally, Truist Financial upped their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a "hold" rating in a report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $28.88.

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.

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