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

Moody National Bank Trust Division reduced its position in Weyerhaeuser (NYSE:WY) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,844 shares of the real estate investment trust’s stock after selling 747 shares during the period. Moody National Bank Trust Division’s holdings in Weyerhaeuser were worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC acquired a new stake in Weyerhaeuser in the second quarter valued at approximately $26,000. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $28,000. Compagnie Lombard Odier SCmA acquired a new stake in Weyerhaeuser in the 4th quarter valued at $29,000. WealthPlan Investment Management LLC purchased a new stake in Weyerhaeuser in the 1st quarter worth $29,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Weyerhaeuser during the first quarter worth $36,000. 79.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, SVP Denise M. Merle sold 7,500 shares of Weyerhaeuser stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $32.29, for a total value of $242,175.00. Following the sale, the senior vice president now owns 147,601 shares in the company, valued at $4,766,036.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

Weyerhaeuser Stock Performance

NYSE WY opened at $32.55 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.42 and a current ratio of 1.74. The stock’s fifty day moving average is $33.23 and its two-hundred day moving average is $31.24. The firm has a market capitalization of $23.79 billion, a P/E ratio of 33.91 and a beta of 1.52. Weyerhaeuser has a fifty-two week low of $27.36 and a fifty-two week high of $36.00.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.21 by $0.11. Weyerhaeuser had a return on equity of 8.32% and a net margin of 8.80%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. The company’s quarterly revenue was down 36.7% compared to the same quarter last year. On average, research analysts anticipate that Weyerhaeuser will post 1.19 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.19 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.76 annualized dividend and a dividend yield of 2.33%. Weyerhaeuser’s dividend payout ratio (DPR) is 79.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WY. StockNews.com initiated coverage on shares of Weyerhaeuser in a research note on Thursday, August 17th. They set a “hold” rating for the company. SpectralCast reissued a “maintains” rating on shares of Weyerhaeuser in a report on Wednesday, June 28th. DA Davidson lifted their price target on Weyerhaeuser from $35.00 to $40.00 in a research note on Friday, July 7th. Truist Financial increased their price objective on Weyerhaeuser from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.29.

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.