Associated Banc Corp Has $2.68 Million Holdings in Weyerhaeuser (NYSE:WY)

Associated Banc Corp trimmed its stake in Weyerhaeuser (NYSE:WYFree Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,116 shares of the real estate investment trust’s stock after selling 1,610 shares during the quarter. Associated Banc Corp’s holdings in Weyerhaeuser were worth $2,681,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser during the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its position in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 728 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Weyerhaeuser by 400.0% during 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 in the last quarter. Finally, Rational Advisors LLC bought a new position in shares of Weyerhaeuser during the third quarter valued at about $40,000. 82.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, April 29th. BMO Capital Markets lifted their target price 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. Truist Financial reiterated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and an average price target of $37.67.

Read Our Latest Research Report on WY

Weyerhaeuser Stock Down 0.9 %

Shares of Weyerhaeuser stock traded down $0.29 during midday trading on Monday, hitting $30.88. The company had a trading volume of 2,151,036 shares, compared to its average volume of 3,437,451. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. The stock has a market capitalization of $22.51 billion, a P/E ratio of 28.08 and a beta of 1.47. The company has a 50 day moving average of $33.05 and a 200 day moving average of $32.93. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WYGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. On average, equities analysts predict that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders 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 annualized dividend and a dividend yield of 2.59%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity

In related news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was 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 of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was 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 of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $1,124,450.64. Following the completion of the sale, the director now owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

About Weyerhaeuser

(Free Report)

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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