Ingalls & Snyder LLC Decreases Stock Position in Weyerhaeuser (NYSE:WY)

Ingalls & Snyder LLC trimmed its holdings in shares of Weyerhaeuser (NYSE:WY) by 17.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,090 shares of the real estate investment trust’s stock after selling 2,955 shares during the period. Ingalls & Snyder LLC’s holdings in Weyerhaeuser were worth $477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser during the third quarter valued at $25,000. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser during the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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 worth $32,000 after acquiring an additional 928 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Weyerhaeuser during the second quarter valued at approximately $27,000. Finally, Bangor Savings Bank lifted its position in Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 651 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Down 0.8 %

NYSE:WY opened at $31.72 on Wednesday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The business has a fifty day moving average price of $32.11 and a 200-day moving average price of $30.83. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 42.86 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the business posted $0.33 earnings per share. The business’s quarterly revenue was down 13.3% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s payout ratio is 108.11%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on WY shares. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Truist Financial lifted their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser 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.