KLCM Advisors Inc. Makes New $2.05 Million Investment in Weyerhaeuser Company $WY

Key Points

• KLCM Advisors opened a new position of 82,812 Weyerhaeuser shares in Q3 valued at approximately $2.05 million, and institutional investors now own about 82.99% of the stock.
• Weyerhaeuser declared a quarterly dividend of $0.21 (annualized $0.84) implying a 3.6% yield with an ex-dividend date of March 10, but the dividend payout ratio is very high at 190.91%.
• Company insiders purchased 28,500 shares (~$721,645) in the last three months, and Weyerhaeuser reported EPS of -$0.09 (beating estimates) with revenue down 9.8% YoY; analysts hold a consensus "Hold" rating with an average price target of $28.88.

KLCM Advisors Inc. purchased a new position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 82,812 shares of the real estate investment trust's stock, valued at approximately $2,053,000.

Other hedge funds also recently added to or reduced their stakes in the company. BOKF NA grew its stake 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 valued at $260,000 after buying an additional 463 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Weyerhaeuser by 23.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 488 shares during the last quarter. Wesbanco Bank Inc. increased its stake in Weyerhaeuser by 6.4% in the third quarter. Wesbanco Bank Inc. now owns 8,327 shares of the real estate investment trust's stock worth $206,000 after purchasing an additional 500 shares during the period. Cromwell Holdings LLC lifted its position in shares of Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 501 shares during the last quarter. Finally, Unison Advisors LLC boosted its stake in shares of Weyerhaeuser by 0.8% during the third quarter. Unison Advisors LLC now owns 70,450 shares of the real estate investment trust's stock valued at $1,746,000 after purchasing an additional 571 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on WY. Zacks Research raised shares of Weyerhaeuser from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 12th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Weyerhaeuser in a research report on Friday, December 12th. DA Davidson reiterated a "buy" rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Monday, February 2nd. UBS Group restated a "buy" rating on shares of Weyerhaeuser in a report on Monday, December 15th. Finally, Truist Financial lifted their target price on Weyerhaeuser from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $28.88.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $23.23 on Thursday. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 52.79 and a beta of 1.03. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $30.28. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The company's 50 day moving average is $25.64 and its 200 day moving average is $24.39.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.58 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. Weyerhaeuser's revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, March 10th. Weyerhaeuser's dividend payout ratio is 190.91%.

Insider Buying and Selling

In related news, Director James Calvin O'rourke bought 4,000 shares of the business's stock in a transaction on Friday, February 20th. The shares were bought 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 of the company's stock, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sara Grootwassink Lewis bought 4,500 shares of Weyerhaeuser stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $23.61 per share, with a total value of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares of the company's stock, valued at $613,340.58. This represents a 20.95% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 28,500 shares of company stock worth $721,645 in the last three months. 0.27% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.