North Star Investment Management Corp. raised its stake in Weyerhaeuser Co (NYSE:WY) by 6.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,202 shares of the real estate investment trust’s stock after purchasing an additional 3,165 shares during the period. North Star Investment Management Corp.’s holdings in Weyerhaeuser were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Westside Investment Management Inc. grew its stake in shares of Weyerhaeuser by 160.0% during the fourth quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 800 shares during the last quarter. CNB Bank lifted its holdings in shares of Weyerhaeuser by 784.0% during the fourth quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,176 shares during the period. Mackey Komara & Dankovich LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $31,000. Rehmann Capital Advisory Group lifted its holdings in shares of Weyerhaeuser by 37.0% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,635 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 442 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth about $40,000. Institutional investors own 77.76% of the company’s stock.
In other news, insider Russell S. Hagen sold 8,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.32, for a total value of $210,560.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is owned by corporate insiders.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, February 1st. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 9.80% and a net margin of 10.01%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, equities analysts predict that Weyerhaeuser Co will post 0.82 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 1st were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Thursday, February 28th. Weyerhaeuser’s payout ratio is currently 115.25%.
A number of equities research analysts recently commented on the company. Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Friday, April 5th. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, February 2nd. Seaport Global Securities assumed coverage on Weyerhaeuser in a report on Tuesday, April 2nd. They set a “buy” rating for the company. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, March 11th. Finally, Raymond James set a $29.00 target price on Weyerhaeuser and gave the stock a “buy” rating in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Weyerhaeuser has an average rating of “Buy” and a consensus price target of $33.10.
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Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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