Moors & Cabot Inc. Acquires 28,672 Shares of Weyerhaeuser Company $WY

Moors & Cabot Inc. raised its holdings in Weyerhaeuser Company (NYSE:WY) by 57.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 78,678 shares of the real estate investment trust’s stock after buying 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.

A number of other large investors have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in shares of Weyerhaeuser by 6.3% in the third quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock valued at $982,847,000 after buying an additional 2,343,724 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser by 166.1% in the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after buying an additional 23,485,504 shares in the last quarter. State Street Corp lifted its stake in shares of Weyerhaeuser by 1.9% in the third quarter. State Street Corp now owns 32,468,597 shares of the real estate investment trust’s stock valued at $804,897,000 after buying an additional 602,901 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Weyerhaeuser by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock valued at $479,155,000 after buying an additional 225,227 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Weyerhaeuser by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 14,950,516 shares of the real estate investment trust’s stock valued at $370,623,000 after buying an additional 1,400,050 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

NYSE WY opened at $24.53 on Friday. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $27.86. The company has a 50-day simple moving average of $24.06 and a 200 day simple moving average of $24.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market capitalization of $17.69 billion, a PE ratio of 45.43, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90.

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

Weyerhaeuser Announces Dividend

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

Analyst Upgrades and Downgrades

WY has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Citigroup dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Finally, Weiss Ratings lowered shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and a consensus price target of $28.88.

About Weyerhaeuser

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.