Stanley Laman Group Ltd. lessened its position in Weyerhaeuser Co (NYSE:WY) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,291 shares of the real estate investment trust’s stock after selling 602 shares during the period. Stanley Laman Group Ltd.’s holdings in Weyerhaeuser were worth $613,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC grew its stake in Weyerhaeuser by 35.2% during the second quarter. Advisory Services Network LLC now owns 49,380 shares of the real estate investment trust’s stock worth $1,301,000 after buying an additional 12,851 shares during the period. Coastal Investment Advisors Inc. boosted its stake in shares of Weyerhaeuser by 225.3% in the second quarter. Coastal Investment Advisors Inc. now owns 5,586 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 3,869 shares during the period. Charter Trust Co. boosted its stake in shares of Weyerhaeuser by 21.7% in the second quarter. Charter Trust Co. now owns 10,700 shares of the real estate investment trust’s stock valued at $282,000 after purchasing an additional 1,909 shares during the period. Wedbush Securities Inc. boosted its stake in shares of Weyerhaeuser by 0.9% in the second quarter. Wedbush Securities Inc. now owns 44,645 shares of the real estate investment trust’s stock valued at $1,176,000 after purchasing an additional 413 shares during the period. Finally, CWM LLC boosted its stake in shares of Weyerhaeuser by 101.5% in the second quarter. CWM LLC now owns 2,527 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 1,273 shares during the period. 76.50% of the stock is owned by institutional investors and hedge funds.

Shares of WY stock traded up $0.22 on Thursday, hitting $24.72. The stock had a trading volume of 37,821 shares, compared to its average volume of 3,685,970. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 8.05 and a beta of 1.71. The business has a 50 day simple moving average of $25.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.39 and a quick ratio of 1.04. Weyerhaeuser Co has a 52-week low of $20.52 and a 52-week high of $35.79.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The business’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts expect that Weyerhaeuser Co will post 0.61 earnings per share for the current year.

In related news, insider Devin W. Stockfish purchased 5,195 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were purchased at an average cost of $23.03 per share, with a total value of $119,640.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.43% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

Read More: Return On Assets

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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