Knights of Columbus cuts Weyerhaeuser stake 18.3% as Goldman Sachs adds 18.2%
Knights of Columbus Asset Advisors reduced its Weyerhaeuser stake by 18.3% in Q3, selling 20,337 shares to hold 90,500 shares valued at $2,243,000. Meanwhile, Goldman Sachs increased its Weyerhaeuser position by 18.2% to 2,249,932 shares worth $65,878,000.
1. Institutional Portfolio Adjustments
Knights of Columbus Asset Advisors LLC reduced its stake in Weyerhaeuser by 18.3% during the third quarter, disposing of 20,337 shares and holding 90,500 shares valued at $2.24 million as of the latest SEC filing. Meanwhile, Goldman Sachs Group Inc. expanded its position by 18.2% in the first quarter, adding 346,571 shares to reach 2,249,932 shares worth $65.9 million. Smaller reallocations include Empowered Funds LLC’s 3.4% increase to 46,049 shares, Intech Investment Management LLC’s 5.9% boost to 56,265 shares, HB Wealth Management LLC’s 3.3% uptick to 20,970 shares, and Trust Co. of Vermont’s 17.6% growth to 11,156 shares. Collectively, institutional investors and hedge funds now control 82.99% of the company’s outstanding stock.
2. Insider Transactions Highlight Confidence Shifts
CEO Devin W. Stockfish executed a sale of 90,162 shares on December 15, reducing his personal holding by 8.09% to 1,024,861 shares. The divestiture generated proceeds totaling approximately $2.10 million. Two days later, director Sara Grootwassink Lewis purchased 4,500 shares at an average cost of $23.61 per share, raising her stake by 20.95% to 25,978 shares and investing just over $106,000. Insider ownership now stands at 0.27% of the company’s equity, underscoring mixed signals from the management team regarding near-term prospects.
3. Recent Operating Results and Dividend Policy
In its fourth-quarter earnings report, Weyerhaeuser posted a loss of $0.09 per share, outperforming consensus estimates by $0.04, while revenue declined 9.8% year-over-year to $1.54 billion, slightly below analyst projections. The net margin improved to 4.7% and return on equity reached 1.5%. The firm declared a quarterly dividend of $0.21 per share, maintaining its annualized payout of $0.84 and yielding 3.3%, with a payout ratio of 190.9%. Analysts currently hold a consensus “Hold” rating, with price targets reflecting expectations of modest recovery in wood products pricing and volume growth.