Weyerhaeuser (NYSE:WY) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in Weyerhaeuser (NYSE:WY - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,901,372 shares of the real estate investment trust's stock after selling 205,734 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.81% of Weyerhaeuser worth $205,191,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WY. Millburn Ridgefield Corp acquired a new position in shares of Weyerhaeuser in the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its holdings in Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock worth $26,000 after buying an additional 728 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in Weyerhaeuser during the 2nd quarter worth approximately $26,000. Tyler Stone Wealth Management acquired a new stake in Weyerhaeuser during the 2nd quarter worth approximately $36,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Weyerhaeuser during the 1st quarter worth approximately $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now owns 60,655 shares in the company, valued at $1,991,910.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO David M. Wold sold 924 shares of the company's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total value of $30,344.16. Following the sale, the chief financial officer now owns 60,655 shares of the company's stock, valued at approximately $1,991,910.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares in the company, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a "neutral" rating in a report on Wednesday, March 13th. Royal Bank of Canada restated an "outperform" rating and issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. Truist Financial restated a "hold" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a "market perform" rating in a report on Friday, March 22nd. Finally, StockNews.com lowered shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser currently has a consensus rating of "Hold" and a consensus target price of $38.00.

Weyerhaeuser Stock Performance

Shares of WY stock traded down $0.17 during mid-day trading on Monday, hitting $34.42. The stock had a trading volume of 2,356,779 shares, compared to its average volume of 3,500,585. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27. The firm has a market cap of $25.11 billion, a PE ratio of 30.08 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The company's 50-day simple moving average is $34.12 and its 200-day simple moving average is $32.54.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter last year, the business earned $0.24 EPS. The business's revenue was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.20 dividend. This is a positive change from Weyerhaeuser's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.32%. Weyerhaeuser's dividend payout ratio is 69.57%.

Weyerhaeuser Company 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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