Home Federal Bank of Tennessee held its position in Weyerhaeuser Co. (NYSE:WY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,048 shares of the real estate investment trust’s stock at the end of the second quarter. Home Federal Bank of Tennessee’s holdings in Weyerhaeuser were worth $1,013,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perkins Coie Trust Co increased its position in Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 100 shares during the period. AXA bought a new stake in Weyerhaeuser during the first quarter valued at $139,000. Park Avenue Institutional Advisers LLC increased its stake in Weyerhaeuser by 50.2% in the first quarter. Park Avenue Institutional Advisers LLC now owns 4,966 shares of the real estate investment trust’s stock valued at $154,000 after buying an additional 1,660 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in Weyerhaeuser during the first quarter valued at $161,000. Finally, Integrated Investment Consultants LLC increased its stake in Weyerhaeuser by 71.3% in the second quarter. Integrated Investment Consultants LLC now owns 5,480 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 2,280 shares during the last quarter. Hedge funds and other institutional investors own 75.73% of the company’s stock.
Weyerhaeuser Co. (NYSE:WY) traded down 1.68% during trading on Monday, hitting $31.64. The stock had a trading volume of 2,476,152 shares. The stock has a market cap of $23.69 billion, a price-to-earnings ratio of 40.77 and a beta of 1.44. The firm has a 50 day moving average of $31.41 and a 200-day moving average of $30.98. Weyerhaeuser Co. has a 12 month low of $22.06 and a 12 month high of $33.17.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the prior year, the firm posted $0.26 EPS. The business’s revenue was up 23.0% on a year-over-year basis. Equities analysts predict that Weyerhaeuser Co. will post $1.03 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Wednesday, September 7th. Weyerhaeuser’s dividend payout ratio is presently 158.98%.
WY has been the topic of several recent research reports. Zacks Investment Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Monday, June 6th. Argus restated a “buy” rating on shares of Weyerhaeuser in a research note on Sunday, June 12th. DA Davidson upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Citigroup Inc. upped their price target on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Finally, Dundee Securities downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Friday, August 12th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Buy” and an average target price of $35.38.
In related news, Director Rick R. Holley sold 608,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $32.55, for a total value of $19,790,400.00. Following the completion of the transaction, the director now owns 696,488 shares of the company’s stock, valued at $22,670,684.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rhonda D. Hunter sold 3,292 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $30.00, for a total transaction of $98,760.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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