Victory Capital Management Inc. Lowers Holdings in Weyerhaeuser (NYSE:WY)

Victory Capital Management Inc. decreased its stake in shares of Weyerhaeuser (NYSE:WY - Free Report) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 410,379 shares of the real estate investment trust's stock after selling 28,994 shares during the period. Victory Capital Management Inc. owned 0.06% of Weyerhaeuser worth $14,269,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC grew its position in Weyerhaeuser by 15.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 6,583 shares of the real estate investment trust's stock worth $202,000 after buying an additional 875 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Weyerhaeuser by 5.7% during the third quarter. Public Sector Pension Investment Board now owns 149,003 shares of the real estate investment trust's stock worth $4,568,000 after purchasing an additional 8,031 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Weyerhaeuser by 18.3% in the third quarter. Teacher Retirement System of Texas now owns 425,848 shares of the real estate investment trust's stock worth $13,057,000 after purchasing an additional 65,808 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Weyerhaeuser in the fourth quarter valued at approximately $36,237,000. Finally, Public Employees Retirement System of Ohio raised its stake in Weyerhaeuser by 21.3% in the third quarter. Public Employees Retirement System of Ohio now owns 551,160 shares of the real estate investment trust's stock valued at $16,899,000 after purchasing an additional 96,900 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Performance

NYSE:WY traded down $0.16 during mid-day trading on Friday, reaching $30.97. The company's stock had a trading volume of 3,393,565 shares, compared to its average volume of 3,273,179. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. The stock has a market cap of $22.58 billion, a P/E ratio of 28.15 and a beta of 1.47. The firm's fifty day moving average price is $33.40 and its two-hundred day moving average price is $32.81. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.86 billion. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company's quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. On average, equities analysts forecast that Weyerhaeuser will post 0.99 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.58%. Weyerhaeuser's dividend payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

Several research firms have commented on WY. BMO Capital Markets lifted their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a research note on Friday, March 22nd. Royal Bank of Canada reduced their price objective on Weyerhaeuser from $38.00 to $37.00 and set an "outperform" rating on the stock in a research note on Monday, April 29th. StockNews.com lowered Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Monday, January 29th. CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a "neutral" rating in a research note on Wednesday, March 13th. Finally, Truist Financial reissued a "hold" rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Weyerhaeuser presently has a consensus rating of "Hold" and an average target price of $37.67.

Insiders Place Their Bets

In other Weyerhaeuser news, SVP Keith O'rear sold 8,349 shares of the business'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 completion of the sale, 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 the SEC website. In other Weyerhaeuser news, SVP Keith O'rear sold 8,349 shares of the company's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the completion of the transaction, the senior vice president now directly owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares of the company's stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders own 0.27% of the company's stock.

About Weyerhaeuser

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.