D.A. Davidson & CO. Has $8.34 Million Holdings in Weyerhaeuser (NYSE:WY)

D.A. Davidson & CO. trimmed its position in shares of Weyerhaeuser (NYSE:WY) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,295 shares of the real estate investment trust’s stock after selling 945 shares during the quarter. D.A. Davidson & CO.’s holdings in Weyerhaeuser were worth $8,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser during the third quarter worth approximately $25,000. Ridgewood Investments LLC bought a new stake in shares of Weyerhaeuser during the second quarter worth $26,000. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the second quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 928 shares during the last quarter. Finally, Park Place Capital Corp increased its position in 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 worth $35,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Weyerhaeuser Stock Down 1.0 %

Weyerhaeuser stock opened at $31.91 on Wednesday. The company has a 50 day moving average of $32.24 and a 200-day moving average of $30.80. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The stock has a market capitalization of $23.18 billion, a PE ratio of 43.11 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company 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 dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. Weyerhaeuser’s payout ratio is presently 108.11%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is owned by insiders.

Weyerhaeuser 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.