Weyerhaeuser (NYSE:WY) Shares Purchased by Bangor Savings Bank

Bangor Savings Bank grew its position in shares of Weyerhaeuser (NYSE:WY) by 140.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,115 shares of the real estate investment trust’s stock after purchasing an additional 651 shares during the quarter. Bangor Savings Bank’s holdings in Weyerhaeuser were worth $38,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of Weyerhaeuser by 0.8% during the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after buying an additional 348 shares during the last quarter. Institute for Wealth Management LLC. lifted its holdings in Weyerhaeuser by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 366 shares during the last quarter. Trust Co. of Toledo NA OH lifted its holdings in Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock worth $1,457,000 after purchasing an additional 402 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 406 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. lifted its holdings in Weyerhaeuser by 4.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 10,290 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Insider Activity

In other news, Director Albert Monaco acquired 31,500 shares of the stock in a transaction dated Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now directly owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WY has been the subject of several analyst reports. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Truist Financial reduced their target price on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Royal Bank of Canada boosted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. DA Davidson cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Citigroup cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.83.

Weyerhaeuser Stock Up 0.8 %

Shares of WY stock opened at $33.13 on Wednesday. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a market cap of $24.09 billion, a PE ratio of 30.11 and a beta of 1.40. The stock has a 50 day moving average of $31.58 and a 200-day moving average of $31.07. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. On average, equities analysts predict that Weyerhaeuser will post 0.51 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is presently 72.73%.

Weyerhaeuser Company 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.