D.A. Davidson & CO. Buys 11,540 Shares of Weyerhaeuser Company (NYSE:WY)

D.A. Davidson & CO. raised its position in Weyerhaeuser Company (NYSE:WY - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 256,146 shares of the real estate investment trust's stock after acquiring an additional 11,540 shares during the period. D.A. Davidson & CO.'s holdings in Weyerhaeuser were worth $7,500,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WY. Jones Financial Companies Lllp grew its position in Weyerhaeuser by 36.7% in the fourth quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust's stock valued at $323,000 after acquiring an additional 3,084 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock worth $2,171,000 after acquiring an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after acquiring an additional 6,622 shares in the last quarter. GAMMA Investing LLC raised its stake in Weyerhaeuser by 23.3% during the first quarter. GAMMA Investing LLC now owns 15,682 shares of the real estate investment trust's stock worth $459,000 after acquiring an additional 2,967 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Weyerhaeuser by 12.5% during the fourth quarter. Cetera Investment Advisers now owns 70,319 shares of the real estate investment trust's stock worth $1,979,000 after acquiring an additional 7,810 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of WY stock traded down $0.30 during trading hours on Friday, hitting $26.41. 2,532,915 shares of the company's stock were exchanged, compared to its average volume of 3,829,316. The stock's 50-day moving average is $26.19 and its 200-day moving average is $27.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.04 and a quick ratio of 1.26. The stock has a market cap of $19.15 billion, a price-to-earnings ratio of 52.81, a price-to-earnings-growth ratio of 39.23 and a beta of 1.14. Weyerhaeuser Company has a 52 week low of $24.10 and a 52 week high of $34.03.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 5.15%. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.16 earnings per share. As a group, research analysts forecast that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser declared that its Board of Directors has initiated a share buyback program on Thursday, May 8th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.18%. The ex-dividend date was Friday, May 30th. Weyerhaeuser's dividend payout ratio is 168.00%.

Wall Street Analysts Forecast Growth

WY has been the subject of several recent analyst reports. Citigroup dropped their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research note on Tuesday, June 3rd. Truist Financial dropped their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price objective on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. CIBC dropped their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.13.

About Weyerhaeuser

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.