Short Interest in Weyerhaeuser (NYSE:WY) Declines By 15.1%

Weyerhaeuser (NYSE:WY) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 8,610,000 shares, a drop of 15.1% from the September 30th total of 10,140,000 shares. Based on an average daily trading volume, of 3,910,000 shares, the short-interest ratio is currently 2.2 days. Approximately 1.2% of the shares of the company are short sold.

Insider Buying and Selling

In related news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.

Institutional Trading of Weyerhaeuser

Several institutional investors have recently bought and sold shares of WY. Wealth Enhancement Advisory Services LLC raised its stake in shares of Weyerhaeuser by 6.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 61,241 shares of the real estate investment trust’s stock worth $2,199,000 after purchasing an additional 3,772 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Weyerhaeuser by 99.2% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 47,056 shares of the real estate investment trust’s stock valued at $1,690,000 after acquiring an additional 23,432 shares during the period. Naviter Wealth LLC boosted its holdings in shares of Weyerhaeuser by 5.7% during the 1st quarter. Naviter Wealth LLC now owns 50,525 shares of the real estate investment trust’s stock valued at $1,814,000 after acquiring an additional 2,718 shares during the last quarter. Denali Advisors LLC grew its stake in shares of Weyerhaeuser by 8.1% in the first quarter. Denali Advisors LLC now owns 22,896 shares of the real estate investment trust’s stock worth $822,000 after acquiring an additional 1,709 shares during the period. Finally, Norden Group LLC purchased a new position in shares of Weyerhaeuser during the first quarter valued at approximately $832,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on WY shares. Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Truist Financial raised their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Stock Down 3.3 %

WY traded down $1.07 during trading on Tuesday, reaching $30.88. The stock had a trading volume of 7,185,261 shares, compared to its average volume of 3,650,897. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $22.46 billion, a price-to-earnings ratio of 41.73 and a beta of 1.40. The stock’s 50 day moving average is $32.10 and its two-hundred day moving average is $30.79. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, analysts expect that Weyerhaeuser will post 0.45 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

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.