Radnor Capital Management LLC Buys Shares of 62,855 Weyerhaeuser (NYSE:WY)

Radnor Capital Management LLC bought a new stake in Weyerhaeuser (NYSE:WY - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 62,855 shares of the real estate investment trust's stock, valued at approximately $2,128,000.

Several other large investors have also recently bought and sold shares of WY. Wedmont Private Capital raised its position in shares of Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust's stock worth $273,000 after acquiring an additional 350 shares during the last quarter. Institute for Wealth Management LLC. increased its holdings in Weyerhaeuser by 2.2% in the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust's stock worth $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC increased its holdings in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock worth $582,000 after purchasing an additional 368 shares in the last quarter. Trust Co. of Toledo NA OH increased its holdings in Weyerhaeuser by 0.9% in the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust's stock worth $1,457,000 after purchasing an additional 402 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in Weyerhaeuser by 6.6% in the first quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust's stock worth $237,000 after purchasing an additional 406 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 1.4 %

Shares of NYSE:WY traded down $0.45 during trading on Wednesday, hitting $31.42. The stock had a trading volume of 5,246,678 shares, compared to its average volume of 3,648,620. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $22.83 billion, a PE ratio of 43.07 and a beta of 1.40. The firm's fifty day moving average is $32.17 and its 200 day moving average is $30.78. 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 (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The business's revenue was down 13.3% compared to the same quarter last year. 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, September 13th. Investors of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.55%. Weyerhaeuser's payout ratio is currently 108.11%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial lifted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. DA Davidson reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Monday, July 29th. Royal Bank of Canada raised their price objective on Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, July 29th. Argus raised Weyerhaeuser to a "hold" rating in a research report on Friday, August 9th. Finally, Citigroup cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $36.33.

About Weyerhaeuser

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.