Weyerhaeuser CEO Sells $2.1M Shares as Knights Cuts Stake by 18.3%

WYWY

CEO Devin W. Stockfish sold 90,162 shares at $23.33 for $2.1 million, trimming his position by 8.1%, while director Sara Grootwassink Lewis bought 4,500 shares at $23.61. Knights of Columbus reduced its Weyerhaeuser stake 18.3% to 90,500 shares worth $2.24 million.

1. Institutional Investment Shifts

During the third quarter, Knights of Columbus Asset Advisors LLC trimmed its position in Weyerhaeuser by 18.3%, selling 20,337 shares and ending the period with 90,500 shares valued at $2.243 million. Other prominent funds also adjusted their stakes: Goldman Sachs increased its holding by 18.2% to 2,249,932 shares worth $65.878 million; Empowered Funds added 1,498 shares for a 3.4% gain, reaching 46,049 shares valued at $1.348 million; Intech Investment Management boosted its position by 5.9% to 56,265 shares worth $1.647 million; HB Wealth Management lifted its stake by 3.3% to 20,970 shares valued at $539,000; and Trust Co. of Vermont expanded by 17.6% to 11,156 shares valued at $287,000. Collectively, institutional investors now own 82.99% of the company’s stock.

2. Insider Transactions Highlight Divergent Views

In mid-December, CEO Devin W. Stockfish sold 90,162 shares for proceeds of approximately $2.1 million, reducing his holding by 8.09% to 1,024,861 shares. Conversely, Director Sara Grootwassink Lewis acquired 4,500 shares at a total cost of $106,245, increasing her position by 20.95% to 25,978 shares. Insider ownership stands at just 0.27%, underscoring the significance of these contrasting moves by senior executives.

3. Analyst Ratings and Consensus Outlook

Several Wall Street firms have recently updated their views on Weyerhaeuser. UBS reaffirmed a Buy rating, while Bank of America maintained a Neutral stance. DA Davidson and JPMorgan Chase reiterated Buy/Overweight recommendations, though each moderated their price objectives. Weiss Ratings stands apart with a Sell (D+) rating. Of the 11 analysts covering the stock, six rate it Buy, three rate it Hold and two rate it Sell, leading to a consensus Hold rating and an average target price of $28.50.

Sources

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