Weyerhaeuser (NYSE:WY) Sees Significant Growth in Short Interest

Weyerhaeuser (NYSE:WY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 10,820,000 shares, an increase of 24.7% from the February 28th total of 8,680,000 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 3,730,000 shares, the days-to-cover ratio is presently 2.9 days.

Weyerhaeuser Trading Down 0.6 %

NYSE WY traded down $0.18 on Tuesday, reaching $29.11. The company had a trading volume of 4,859,620 shares, compared to its average volume of 3,627,710. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of 52.92, a P/E/G ratio of 4.74 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $35.50. The business has a 50 day moving average of $29.97 and a two-hundred day moving average of $30.67.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.21 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Analyst Upgrades and Downgrades

WY has been the subject of several recent analyst reports. Citigroup dropped their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, December 6th. StockNews.com raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Truist Financial dropped their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average price target of $35.00.

Institutional Investors Weigh In On Weyerhaeuser

Several large investors have recently modified their holdings of the company. Waverly Advisors LLC grew its holdings in Weyerhaeuser by 3.3% during the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 343 shares during the period. HB Wealth Management LLC lifted its stake in Weyerhaeuser by 2.4% in the fourth quarter. HB Wealth Management LLC now owns 15,041 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 357 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Weyerhaeuser by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 367 shares in the last quarter. Texas Yale Capital Corp. grew its position in shares of Weyerhaeuser by 4.0% during the 4th quarter. Texas Yale Capital Corp. now owns 9,924 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 385 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Weyerhaeuser by 13.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,425 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 416 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

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.