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

Weyerhaeuser (NYSE:WY) Director James Calvin O’rourke acquired 7,800 shares of the business’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 acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $32.52 on Tuesday. The firm’s 50-day moving average price is $30.52 and its 200-day moving average price is $31.22. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a market cap of $23.65 billion, a PE ratio of 29.56 and a beta of 1.40. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company 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 company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.32 EPS. As a group, analysts anticipate that Weyerhaeuser will post 0.52 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed 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 2.46%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in 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 worth $1,544,000 after purchasing an additional 348 shares during the period. Institute for Wealth Management LLC. grew its stake in shares of Weyerhaeuser by 2.2% during 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 acquiring an additional 366 shares during the period. Jacobi Capital Management LLC increased its holdings in Weyerhaeuser by 6.6% in the 1st quarter. Jacobi Capital Management LLC now owns 6,590 shares of the real estate investment trust’s stock worth $237,000 after acquiring an additional 406 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Weyerhaeuser by 14.0% in the 4th quarter. Quadrant Capital Group LLC now owns 3,426 shares of the real estate investment trust’s stock worth $119,000 after acquiring an additional 420 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in Weyerhaeuser by 6.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 7,379 shares of the real estate investment trust’s stock worth $257,000 after acquiring an additional 445 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on WY shares. Royal Bank of Canada boosted their price target on Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. DA Davidson reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Truist Financial lowered their price target on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research report on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Citigroup decreased their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average 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.