Weyerhaeuser (NYSE:WY) Director Purchases $101,400.00 in Stock

Weyerhaeuser Company (NYSE:WY) Director James Calvin O’rourke purchased 4,000 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were bought at an average price of $25.35 per share, with a total value of $101,400.00. Following the purchase, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded down $0.27 during trading hours on Friday, reaching $25.29. 5,068,733 shares of the stock were exchanged, compared to its average volume of 6,669,337. The stock has a market cap of $18.22 billion, a P/E ratio of 57.47 and a beta of 1.03. The firm’s 50 day moving average is $25.42 and its 200 day moving average is $24.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $31.66.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a $0.21 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. Weyerhaeuser’s payout ratio is 190.91%.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds have recently made changes to their positions in WY. Allianz Asset Management GmbH grew its holdings in Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after purchasing an additional 405,575 shares in the last quarter. Nordea Investment Management AB boosted its position in Weyerhaeuser by 2.0% in the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock valued at $57,278,000 after buying an additional 46,207 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Weyerhaeuser by 2.7% during the third quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after acquiring an additional 97,769 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Weyerhaeuser by 40.6% during the third quarter. Federated Hermes Inc. now owns 2,904,893 shares of the real estate investment trust’s stock worth $72,012,000 after acquiring an additional 838,229 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Weyerhaeuser in the third quarter worth about $3,406,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WY. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada cut their price objective on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Finally, UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.