Sterling Capital Management LLC Sells 109,990 Shares of Weyerhaeuser Company $WY

Key Points

• Sterling Capital Management cut its Weyerhaeuser stake by 84.1%, selling 109,990 shares and retaining 20,818 shares valued at approximately $397,000.
• Weyerhaeuser reported quarterly EPS of $0.08, beating estimates of $0.04, while revenue rose 8.4% year over year to $1.86 billion. The company maintains a $0.21 quarterly dividend, equal to a 4.2% annualized yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $25.89, above the reported share price of $19.79; however, several firms recently reduced their targets.

Sterling Capital Management LLC cut its holdings in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 84.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,818 shares of the real estate investment trust's stock after selling 109,990 shares during the quarter. Sterling Capital Management LLC's holdings in Weyerhaeuser were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Essential Partners LLC grew its position in Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,208 shares in the last quarter. Nvwm LLC lifted its position in shares of Weyerhaeuser by 174.7% during the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 800 shares during the period. Versant Capital Management Inc lifted its position in shares of Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 617 shares during the period. Compass Financial Management LLC acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth $35,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth $52,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 3.1%

Shares of NYSE WY opened at $19.79 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 91.38, a PEG ratio of 2.36 and a beta of 0.92. Weyerhaeuser Company has a 12 month low of $18.25 and a 12 month high of $27.75. The stock has a 50-day moving average price of $20.96 and a two-hundred day moving average price of $23.72.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.04. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.92 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. As a group, analysts forecast that Weyerhaeuser Company will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser's dividend payout ratio (DPR) is 129.23%.

Analyst Ratings Changes

A number of research analysts recently commented on WY shares. Raymond James Financial raised Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Weyerhaeuser from $30.00 to $25.00 and set an "outperformer" rating on the stock in a research note on Tuesday. Royal Bank Of Canada decreased their target price on shares of Weyerhaeuser from $30.00 to $25.00 and set an "outperform" rating on the stock in a report on Friday, October 16th. DA Davidson dropped their target price on shares of Weyerhaeuser from $31.00 to $27.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Bank of America raised shares of Weyerhaeuser from a "neutral" rating to a "buy" rating and cut their price target for the stock from $28.00 to $25.00 in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.89.

Weyerhaeuser Company Profile

Weyerhaeuser NYSE: WY is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser's principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.

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