Moors & Cabot Inc. Has $1.86 Million Stock Position in Weyerhaeuser Company $WY

Moors & Cabot Inc. raised its holdings in Weyerhaeuser Company (NYSE:WY) by 57.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 78,678 shares of the real estate investment trust’s stock after acquiring an additional 28,672 shares during the quarter. Moors & Cabot Inc.’s holdings in Weyerhaeuser were worth $1,864,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in shares of Weyerhaeuser by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after buying an additional 346,571 shares during the period. Empowered Funds LLC increased its position in shares of Weyerhaeuser by 3.4% during the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 1,498 shares during the period. Intech Investment Management LLC increased its position in shares of Weyerhaeuser by 5.9% during the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after buying an additional 3,124 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of Weyerhaeuser during the second quarter worth $275,000. Finally, Bank of Nova Scotia increased its position in shares of Weyerhaeuser by 10.2% during the second quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock worth $2,354,000 after buying an additional 8,500 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 0.1%

NYSE:WY opened at $24.53 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $17.69 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 1.39 and a beta of 0.90. The firm has a fifty day simple moving average of $24.06 and a two-hundred day simple moving average of $24.22. Weyerhaeuser Company has a 12 month low of $21.16 and a 12 month high of $27.86.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $0.11 earnings per share. Analysts expect that Weyerhaeuser Company will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Truist Financial decreased their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Finally, Citigroup decreased their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.88.

Weyerhaeuser Company 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.