HighTower Advisors LLC Purchases 25,728 Shares of Weyerhaeuser Company $WY

HighTower Advisors LLC boosted its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 7.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 356,078 shares of the real estate investment trust's stock after purchasing an additional 25,728 shares during the quarter. HighTower Advisors LLC's holdings in Weyerhaeuser were worth $10,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. South Plains Financial Inc. acquired a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $25,000. Fourth Dimension Wealth LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Weyerhaeuser in the 1st quarter valued at $31,000. Costello Asset Management INC acquired a new stake in Weyerhaeuser during the 1st quarter worth $32,000. Finally, Marshall Investment Management LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth $36,000. 82.99% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. DA Davidson cut their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Truist Financial cut their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Monday, July 28th. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Trading Down 1.7%

NYSE:WY opened at $25.84 on Monday. Weyerhaeuser Company has a twelve month low of $24.10 and a twelve month high of $34.03. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $26.05 and a two-hundred day moving average price of $27.17. The company has a market cap of $18.64 billion, a P/E ratio of 68.00, a price-to-earnings-growth ratio of 74.87 and a beta of 1.08.

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

Weyerhaeuser announced that its Board of Directors has initiated a share repurchase program on Thursday, May 8th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Weyerhaeuser's dividend payout ratio is currently 221.05%.

Weyerhaeuser 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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