Weyerhaeuser Target of Unusually High Options Trading (NYSE:WY)

Weyerhaeuser Company (NYSE:WY) was the target of unusually large options trading on Wednesday. Investors purchased 2,319 put options on the stock. This represents an increase of approximately 126% compared to the average daily volume of 1,024 put options.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research report on Friday, July 10th. Citigroup cut their price objective on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Truist Financial restated a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. DA Davidson reiterated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Weyerhaeuser Stock Down 1.3%

WY opened at $24.69 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $27.75. The company has a market cap of $17.80 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The company has a 50 day moving average of $24.34 and a 200 day moving average of $24.54.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was down 8.3% compared to the same quarter last year. On average, sell-side analysts expect that Weyerhaeuser will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WY. First Eagle Investment Management LLC increased its position in shares of Weyerhaeuser by 166.1% during the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after purchasing an additional 23,485,504 shares during the last quarter. Norges Bank purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at $549,531,000. Bank of New York Mellon Corp bought a new position in Weyerhaeuser during the second quarter valued at $468,969,000. Manning & Napier Advisors LLC purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at about $101,969,000. Finally, Freestone Grove Partners LP grew its position in Weyerhaeuser by 124.5% in the third quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock worth $166,030,000 after acquiring an additional 3,713,932 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

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.