D.A. Davidson & CO. Sells 945 Shares of Weyerhaeuser (NYSE:WY)

D.A. Davidson & CO. trimmed its holdings in Weyerhaeuser (NYSE:WY) by 0.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 246,295 shares of the real estate investment trust’s stock after selling 945 shares during the period. D.A. Davidson & CO.’s holdings in Weyerhaeuser were worth $8,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Oakworth Capital Inc. bought a new position in Weyerhaeuser during the third quarter worth $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the 2nd quarter valued at about $26,000. Itau Unibanco Holding S.A. acquired a new stake in Weyerhaeuser during the second quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares during the period. Finally, Park Place Capital Corp grew its position in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 1,000 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research reports. Citigroup decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Truist Financial increased their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser currently has an average rating of “Hold” and a consensus price target of $36.33.

Weyerhaeuser Stock Performance

NYSE WY opened at $31.91 on Wednesday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The stock has a market cap of $23.18 billion, a PE ratio of 43.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm’s fifty day moving average price is $32.24 and its two-hundred day moving average price is $30.80.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share 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 company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the business posted $0.33 earnings per share. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, equities analysts expect that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. Weyerhaeuser’s payout ratio is 108.11%.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.30% 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 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.