Lindbrook Capital LLC Has $31,000 Stock Position in Weyerhaeuser (NYSE:WY)

Lindbrook Capital LLC increased its position in shares of Weyerhaeuser (NYSE:WY) by 92.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 888 shares of the real estate investment trust’s stock after buying an additional 427 shares during the period. Lindbrook Capital LLC’s holdings in Weyerhaeuser were worth $31,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Millburn Ridgefield Corp bought a new position in Weyerhaeuser during the 3rd quarter worth approximately $25,000. Raleigh Capital Management Inc. lifted its stake in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 728 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Weyerhaeuser in the fourth quarter valued at approximately $26,000. Rational Advisors LLC acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $40,000. Finally, Princeton Global Asset Management LLC raised its holdings in shares of Weyerhaeuser by 400.0% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,250 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,000 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WY shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets lifted 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. StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction 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 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 filing with the SEC, which is available through the SEC website. In other news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction dated 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 sale, 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 document filed with the SEC, which is available at this hyperlink. Also, CFO David M. Wold sold 924 shares of the business’s 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 sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The disclosure for this sale can be found here. Insiders have sold a total of 42,699 shares of company stock worth $1,455,609 over the last ninety days. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Price Performance

Shares of WY opened at $31.05 on Friday. The company has a market cap of $22.65 billion, a price-to-earnings ratio of 28.23 and a beta of 1.43. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The company’s fifty day simple moving average is $33.94 and its 200 day simple moving average is $32.71. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 6.98%. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently disclosed 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 an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, March 7th. Weyerhaeuser’s payout ratio is currently 72.73%.

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.