Hudson Valley Investment Advisors Inc. ADV Has $4.15 Million Position in Weyerhaeuser (NYSE:WY)

Hudson Valley Investment Advisors Inc. ADV lowered its position in Weyerhaeuser (NYSE:WY - Free Report) by 12.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 122,650 shares of the real estate investment trust's stock after selling 18,084 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in Weyerhaeuser were worth $4,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser during the 3rd quarter worth approximately $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser during the 2nd quarter worth approximately $26,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser during the second quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 928 shares in the last quarter. Finally, Park Place Capital Corp grew its position in shares of Weyerhaeuser by 440.5% in the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Price Performance

Shares of WY stock traded down $0.56 on Thursday, reaching $31.16. The company's stock had a trading volume of 3,700,787 shares, compared to its average volume of 3,655,184. The company has a market capitalization of $22.66 billion, a P/E ratio of 42.11 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The stock's 50 day simple moving average is $32.14 and its 200-day simple moving average is $30.80.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the previous year, the firm posted $0.33 EPS. The business's revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, equities analysts predict that Weyerhaeuser will post 0.45 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, August 30th. Weyerhaeuser's dividend payout ratio is presently 108.11%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on WY shares. Royal Bank of Canada boosted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Truist Financial increased their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Finally, Citigroup decreased their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $36.33.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O'rourke purchased 7,800 shares of the business's stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Albert Monaco bought 31,500 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin O'rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company's stock.

Weyerhaeuser Profile

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.