Commerce Bank Sells 1,625 Shares of Weyerhaeuser (NYSE:WY)

Commerce Bank lowered its position in Weyerhaeuser (NYSE:WY) by 1.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 95,839 shares of the real estate investment trust’s stock after selling 1,625 shares during the period. Commerce Bank’s holdings in Weyerhaeuser were worth $3,245,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the third quarter valued at $25,000. Ridgewood Investments LLC acquired a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at about $27,000. Finally, Bangor Savings Bank grew its stake 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 worth $38,000 after purchasing an additional 651 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Trading Up 2.0 %

WY opened at $31.22 on Friday. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company’s 50-day moving average is $32.28 and its 200 day moving average is $30.79. The firm has a market capitalization of $22.68 billion, a PE ratio of 42.19 and a beta of 1.40.

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

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WY. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. Citigroup dropped their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Truist Financial raised their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Finally, DA Davidson dropped their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $36.33.

Insiders Place Their Bets

In related news, Director James Calvin O’rourke purchased 7,800 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This represents a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Albert Monaco acquired 31,500 shares of the stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 80.30 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

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.