Curbstone Financial Management Corp Sells 2,420 Shares of Weyerhaeuser (NYSE:WY)

Curbstone Financial Management Corp cut its position in Weyerhaeuser (NYSE:WY) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,010 shares of the real estate investment trust’s stock after selling 2,420 shares during the quarter. Curbstone Financial Management Corp’s holdings in Weyerhaeuser were worth $2,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. lifted its position in Weyerhaeuser by 2.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 11,587 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 297 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Weyerhaeuser by 3.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 9,907 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 299 shares in the last quarter. Home Federal Bank of Tennessee increased its position in shares of Weyerhaeuser by 0.9% during the 1st quarter. Home Federal Bank of Tennessee now owns 36,377 shares of the real estate investment trust’s stock valued at $1,096,000 after purchasing an additional 340 shares during the last quarter. Ascent Group LLC raised its holdings in shares of Weyerhaeuser by 3.8% during the 3rd quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 348 shares in the last quarter. Finally, Stelac Advisory Services LLC raised its holdings in shares of Weyerhaeuser by 2.3% during the 1st quarter. Stelac Advisory Services LLC now owns 16,005 shares of the real estate investment trust’s stock valued at $482,000 after buying an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

Weyerhaeuser Stock Up 1.2 %

NYSE WY traded up $0.39 during mid-day trading on Thursday, reaching $32.54. The stock had a trading volume of 262,981 shares, compared to its average volume of 3,934,700. The company has a fifty day moving average price of $33.23 and a 200 day moving average price of $31.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.42. Weyerhaeuser has a 1 year low of $27.36 and a 1 year high of $36.00. The stock has a market cap of $23.78 billion, a PE ratio of 33.49 and a beta of 1.52.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.21 by $0.11. Weyerhaeuser had a return on equity of 8.32% and a net margin of 8.80%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. Weyerhaeuser’s revenue was down 36.7% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser will post 1.19 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 31st. Weyerhaeuser’s dividend payout ratio is presently 79.17%.

Analyst Ratings Changes

WY has been the topic of several analyst reports. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $34.00 to $38.00 in a research note on Monday, July 10th. Truist Financial increased their price objective on Weyerhaeuser from $35.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, July 31st. DA Davidson boosted their price objective on shares of Weyerhaeuser from $35.00 to $40.00 in a research report on Friday, July 7th. StockNews.com started coverage on shares of Weyerhaeuser in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, SpectralCast reissued a “maintains” rating on shares of Weyerhaeuser in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.29.

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.