Weyerhaeuser (NYSE:WY) Director James Calvin O’rourke Buys 7,800 Shares

Weyerhaeuser (NYSE:WY) Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Weyerhaeuser Trading Up 0.2 %

WY traded up $0.07 during midday trading on Monday, reaching $32.52. 2,610,642 shares of the company were exchanged, compared to its average volume of 3,584,268. The stock’s 50-day simple moving average is $30.52 and its 200 day simple moving average is $31.22. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The stock has a market capitalization of $23.65 billion, a P/E ratio of 29.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser will post 0.52 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.46%. Weyerhaeuser’s payout ratio is 72.73%.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds have recently modified their holdings of the business. Ridgewood Investments LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth $26,000. American National Bank lifted its holdings in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the second quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser during the first quarter worth about $33,000. Finally, Park Place Capital Corp grew its holdings in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of a number of research reports. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup decreased their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. 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 research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Finally, Truist Financial dropped their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Hold” and a consensus target price of $35.83.

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.