Stock Traders Purchase Large Volume of Weyerhaeuser Put Options (NYSE:WY)

Weyerhaeuser (NYSE:WY) was the target of unusually large options trading on Tuesday. Stock traders purchased 5,022 put options on the stock. This represents an increase of approximately 394% compared to the typical daily volume of 1,017 put options.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial upped their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada upped their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $36.33.

Insider Buying and Selling

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

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently added to or reduced their stakes in WY. Larson Financial Group LLC boosted its holdings in shares of Weyerhaeuser by 0.8% in 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 purchasing an additional 348 shares in the last quarter. Wedmont Private Capital boosted its holdings in shares of Weyerhaeuser by 4.4% in the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter. Institute for Wealth Management LLC. boosted its holdings in shares of 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 valued at $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC boosted its holdings in shares of Weyerhaeuser by 2.2% in the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 368 shares in the last quarter. Finally, Trust Co. of Toledo NA OH boosted its holdings in shares of 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 valued at $1,457,000 after purchasing an additional 402 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock traded down $0.37 on Tuesday, hitting $31.92. The stock had a trading volume of 373,728 shares, compared to its average volume of 3,611,883. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The business’s 50 day moving average is $31.90 and its two-hundred day moving average is $30.89. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 29.35 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results 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 company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 EPS. Analysts forecast that Weyerhaeuser will post 0.48 EPS for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors 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 yield of 2.51%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

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.