Moors & Cabot Inc. Sells 2,160 Shares of Weyerhaeuser (NYSE:WY)

Moors & Cabot Inc. reduced its holdings in Weyerhaeuser (NYSE:WY) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,825 shares of the real estate investment trust’s stock after selling 2,160 shares during the quarter. Moors & Cabot Inc.’s holdings in Weyerhaeuser were worth $1,890,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Grandfield & Dodd LLC grew its position in shares of Weyerhaeuser by 0.8% in the 3rd quarter. Grandfield & Dodd LLC now owns 656,911 shares of the real estate investment trust’s stock worth $22,243,000 after buying an additional 5,008 shares during the last quarter. Premier Fund Managers Ltd grew its position in shares of Weyerhaeuser by 218.8% in the 3rd quarter. Premier Fund Managers Ltd now owns 414,742 shares of the real estate investment trust’s stock worth $14,000,000 after buying an additional 284,656 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $1,424,000. Meeder Asset Management Inc. grew its position in shares of Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 719 shares during the last quarter. Finally, Quest Partners LLC grew its position in shares of Weyerhaeuser by 146.4% in the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust’s stock worth $3,272,000 after buying an additional 57,412 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $30.69 on Thursday. The stock has a fifty day simple moving average of $32.32 and a two-hundred day simple moving average of $30.79. The stock has a market capitalization of $22.30 billion, a price-to-earnings ratio of 41.47 and a beta of 1.40. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

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

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Insider Transactions at Weyerhaeuser

In other news, Director Albert Monaco acquired 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 80.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Calvin O’rourke acquired 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WY shares. Truist Financial lifted their price objective on 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 report on Friday, August 9th. Citigroup dropped their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Royal Bank of Canada lifted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.33.

About Weyerhaeuser

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.