Knights of Columbus Asset Advisors LLC Has $2.24 Million Stake in Weyerhaeuser Company $WY

Core Insights - Weyerhaeuser has seen significant changes in institutional ownership, with several hedge funds increasing their stakes in the company, indicating positive sentiment among institutional investors [1][5] - Insider trading activity includes CEO Devin W. Stockfish selling 90,162 shares, representing an 8.09% decrease in his position, while Director Sara Grootwassink Lewis increased her holdings by 20.95% [2] - Analysts have mixed ratings on Weyerhaeuser, with a consensus rating of "Hold" and a target price of $28.50, reflecting varied expectations for the company's future performance [3] Institutional Ownership - Goldman Sachs increased its stake by 18.2%, owning 2,249,932 shares valued at $65.88 million after purchasing 346,571 shares [1] - Empowered Funds raised its holdings by 3.4%, now owning 46,049 shares worth $1.35 million [1] - Intech Investment Management increased its position by 5.9%, owning 56,265 shares valued at $1.65 million [1] - HB Wealth Management raised its holdings by 3.3%, now owning 20,970 shares worth $539,000 [1] - Trust Co. of Vermont lifted its stake by 17.6%, owning 11,156 shares valued at $287,000 [1] - Institutional investors and hedge funds collectively own 82.99% of Weyerhaeuser's stock [1] Insider Activity - CEO Devin W. Stockfish sold 90,162 shares at an average price of $23.33, totaling approximately $2.10 million, reducing his holdings to 1,024,861 shares valued at $23.91 million [2] - Director Sara Grootwassink Lewis purchased 4,500 shares at an average cost of $23.61, totaling $106,245, increasing her holdings to 25,978 shares valued at $613,340 [2] - Insiders currently own 0.27% of the stock [2] Analyst Ratings - UBS Group reiterated a "buy" rating on Weyerhaeuser [3] - Bank of America maintained a "neutral" rating with a price target reduced from $29.00 to $26.00 [3] - DA Davidson lowered its price target from $35.00 to $31.00 while maintaining a "buy" rating [3] - JPMorgan Chase cut its price target from $28.00 to $27.00, rating the stock as "overweight" [3] - Weiss Ratings issued a "sell (d+)" rating [3] - Six analysts rated the stock as "Buy," three as "Hold," and two as "Sell" [3] Financial Performance - Weyerhaeuser reported earnings of ($0.09) per share, beating estimates of ($0.13) by $0.04 [7] - The company had a net margin of 4.69% and a return on equity of 1.50% [7] - Revenue for the quarter was $1.54 billion, down 9.8% year-over-year, compared to estimates of $1.58 billion [7] - Analysts expect Weyerhaeuser to post earnings of $0.78 per share for the current fiscal year [7] Dividend Information - Weyerhaeuser announced a quarterly dividend of $0.21, representing an annualized dividend of $0.84 and a yield of 3.3% [8] - The payout ratio is currently 190.91% [8] Company Overview - Weyerhaeuser Company is a leading integrated forest products company, primarily involved in timberland ownership and forest products manufacturing [9] - The company manages large tracts of timberland and produces a range of building materials, including lumber and engineered wood products [9]