Weyerhaeuser (NYSE:WY) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its position in shares of Weyerhaeuser (NYSE:WY) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 677,214 shares of the real estate investment trust’s stock after acquiring an additional 57,479 shares during the period. Stifel Financial Corp owned approximately 0.09% of Weyerhaeuser worth $22,931,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in WY. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $25,000. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares in the last quarter. Finally, Bangor Savings Bank grew its stake in shares of Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $31.29 on Monday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm’s 50 day simple moving average is $31.98 and its 200-day simple moving average is $30.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company has a market cap of $22.73 billion, a P/E ratio of 42.28 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data 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. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. As a group, equities research analysts predict that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given 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 yield of 2.56%. Weyerhaeuser’s payout ratio is presently 108.11%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $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 link. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Friday. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average price target of $36.33.

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.