Arvest Trust Co. N A Takes $1.02 Million Position in Weyerhaeuser (NYSE:WY)

Arvest Trust Co. N A acquired a new stake in Weyerhaeuser (NYSE:WY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,455 shares of the real estate investment trust's stock, valued at approximately $1,024,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $26,000. Millburn Ridgefield Corp purchased a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $25,000. Raleigh Capital Management Inc. increased its stake in shares of Weyerhaeuser by 606.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 728 shares in the last quarter. Tyler Stone Wealth Management purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $36,000. Finally, Fairfield Bush & CO. purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Insider Activity at Weyerhaeuser

In related news, SVP Keith O'rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company's stock, valued at $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Weyerhaeuser news, SVP Keith O'rear sold 8,349 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company's stock, valued at $6,149,059.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock valued at $1,455,609 over the last quarter. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Truist Financial reiterated a "hold" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday. BMO Capital Markets upped their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a research report on Friday, March 22nd. Royal Bank of Canada restated an "outperform" rating and issued a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. Finally, StockNews.com lowered Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $37.71.

Weyerhaeuser Trading Down 0.1 %

NYSE:WY traded down $0.05 during trading hours on Friday, reaching $34.59. 2,662,538 shares of the stock were exchanged, compared to its average volume of 3,517,910. The company has a quick ratio of 2.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $34.09 and a two-hundred day moving average of $32.52. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 30.12 and a beta of 1.43.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company's revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser will post 1.06 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.31%. The ex-dividend date was Thursday, March 7th. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.19. Weyerhaeuser's dividend payout ratio is 69.57%.

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.