D.A. Davidson & CO. Has $5.38 Million Stock Holdings in Weyerhaeuser Company $WY

D.A. Davidson & CO. cut its holdings in Weyerhaeuser Company (NYSE:WY) by 19.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 226,936 shares of the real estate investment trust’s stock after selling 55,256 shares during the quarter. D.A. Davidson & CO.’s holdings in Weyerhaeuser were worth $5,376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WY. Tradewinds Capital Management LLC grew its position in shares of Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC grew its position in shares of Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $39,000. Optiver Holding B.V. acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at approximately $42,000. Finally, Lodestone Wealth Management LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $44,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Richard Beckwitt acquired 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were bought at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the purchase, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin O’rourke acquired 4,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director owned 28,661 shares in the company, valued at approximately $726,556.35. This represents a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WY. Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. Citigroup restated an “outperform” rating on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, DA Davidson restated a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, March 31st. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $28.75.

Weyerhaeuser Trading Down 2.4%

Shares of Weyerhaeuser stock opened at $24.24 on Thursday. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $27.86. The stock has a market cap of $17.47 billion, a P/E ratio of 55.08, a P/E/G ratio of 2.74 and a beta of 0.98. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $24.35 and its 200-day moving average is $24.19.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue was down 9.8% compared to the same quarter last year. Equities research analysts predict that Weyerhaeuser Company will post 0.26 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio is currently 190.91%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.