Tidal Investments LLC Raises Stock Position in Weyerhaeuser (NYSE:WY)

Tidal Investments LLC increased its holdings in shares of Weyerhaeuser (NYSE:WY) by 9.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 258,165 shares of the real estate investment trust’s stock after purchasing an additional 22,178 shares during the period. Tidal Investments LLC’s holdings in Weyerhaeuser were worth $8,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser during the 3rd quarter worth $25,000. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the second quarter worth about $26,000. 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 purchasing an additional 928 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $27,000. Finally, Bangor Savings Bank increased its holdings in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on WY. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, December 6th. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Finally, 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 note on Tuesday, October 15th. One investment 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.33.

Weyerhaeuser Stock Down 1.6 %

Shares of NYSE:WY opened at $30.40 on Friday. The company’s fifty day moving average is $31.78 and its two-hundred day moving average is $30.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a market capitalization of $22.09 billion, a price-to-earnings ratio of 41.08 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released 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. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. Weyerhaeuser’s quarterly revenue was down 13.3% on a year-over-year basis. Equities analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current 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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.63%. Weyerhaeuser’s payout ratio is currently 108.11%.

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.