Weyerhaeuser (NYSE:WY) Shares Bought by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its holdings in shares of Weyerhaeuser (NYSE:WY) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,660 shares of the real estate investment trust’s stock after buying an additional 1,145 shares during the period. Moody National Bank Trust Division’s holdings in Weyerhaeuser were worth $814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WY. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $26,000. American National Bank increased its holdings in shares of Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 427 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $33,000. Finally, Park Place Capital Corp grew its holdings in Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 1.9 %

Shares of WY traded down $0.61 during trading hours on Monday, reaching $31.13. 6,329,570 shares of the stock traded hands, compared to its average volume of 3,556,635. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $29.35 and a 200 day simple moving average of $31.75. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a market cap of $22.64 billion, a price-to-earnings ratio of 28.58 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. On average, equities analysts forecast that Weyerhaeuser will post 0.67 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.20 per share. The ex-dividend date was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 2.57%. Weyerhaeuser’s payout ratio is presently 72.73%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WY shares. Citigroup reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. DA Davidson lowered their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Finally, Truist Financial lowered their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average target price of $35.83.

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.