Investors Buy Large Volume of Weyerhaeuser Put Options (NYSE:WY)

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

Weyerhaeuser Stock Performance

NYSE:WY opened at $31.65 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The business has a fifty day simple moving average of $31.93 and a two-hundred day simple moving average of $30.87. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a market capitalization of $23.07 billion, a P/E ratio of 28.77 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last released its 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 firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. On average, analysts expect that Weyerhaeuser will post 0.48 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.53%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is 72.73%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Citigroup cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. DA Davidson cut their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Truist Financial increased their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $36.33.

Insiders Place Their Bets

In other news, Director Albert Monaco bought 31,500 shares of the stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Several large investors have recently added to or reduced their stakes in WY. Oakworth Capital Inc. bought a new stake in Weyerhaeuser during the third quarter worth about $25,000. Northwest Investment Counselors LLC bought a new stake in Weyerhaeuser during the first quarter worth about $33,000. Ridgewood Investments LLC bought a new stake in Weyerhaeuser during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Weyerhaeuser during the second quarter worth about $27,000. Institutional investors own 82.99% of the company’s stock.

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.