Trust Co. of Toledo NA OH Increases Stock Position in Weyerhaeuser (NYSE:WY)

Trust Co. of Toledo NA OH grew its position in Weyerhaeuser (NYSE:WY) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,019 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. Trust Co. of Toledo NA OH’s holdings in Weyerhaeuser were worth $1,239,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Oakworth Capital Inc. acquired a new position in Weyerhaeuser in the 3rd quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 worth $32,000 after buying an additional 928 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Weyerhaeuser during the 2nd quarter valued at approximately $27,000. Bangor Savings Bank grew its stake in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in Weyerhaeuser by 172.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.3 %

NYSE:WY traded up $0.62 on Monday, hitting $27.91. The stock had a trading volume of 722,780 shares, compared to its average volume of 2,898,025. The company has a fifty day moving average price of $30.04 and a two-hundred day moving average price of $30.72. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 37.72 and a beta of 1.42. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

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

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.87%. Weyerhaeuser’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WY. Truist Financial decreased their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Finally, StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.57.

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.