Radnor Capital Management LLC Sells 8,854 Shares of Weyerhaeuser (NYSE:WY)

Radnor Capital Management LLC cut its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,001 shares of the real estate investment trust's stock after selling 8,854 shares during the period. Radnor Capital Management LLC's holdings in Weyerhaeuser were worth $1,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new stake in shares of Weyerhaeuser in the third quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 worth $32,000 after acquiring an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Weyerhaeuser during the second quarter valued at approximately $27,000. Bangor Savings Bank boosted its stake in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 651 shares during the period. Finally, Meeder Asset Management Inc. grew its position in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 719 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Up 2.2 %

Shares of NYSE WY traded up $0.64 during trading hours on Wednesday, hitting $29.60. The stock had a trading volume of 4,748,710 shares, compared to its average volume of 3,657,990. The company has a market capitalization of $21.51 billion, a P/E ratio of 40.00 and a beta of 1.42. The firm's 50-day moving average price is $29.92 and its two-hundred day moving average price is $30.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser's quarterly revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS. Analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.70%. Weyerhaeuser's dividend payout ratio is currently 108.11%.

Wall Street Analyst Weigh In

WY has been the subject of a number of research analyst reports. CIBC upgraded Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a report on Wednesday. Truist Financial reduced their price objective on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Monday, December 16th. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a report on Monday, December 23rd. Finally, Citigroup decreased their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.14.

Weyerhaeuser Company 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.