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

Weyerhaeuser (NYSE:WY) Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $33.25 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.19. The firm has a market cap of $24.18 billion, a P/E ratio of 30.23 and a beta of 1.40. The firm’s 50 day moving average price is $30.63 and its 200-day moving average price is $31.21. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser will post 0.52 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.41%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently made changes to their positions in the business. Principal Securities Inc. acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at $101,000. Avantax Advisory Services Inc. raised its position in Weyerhaeuser by 5.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,696 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 544 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of 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 valued at $119,000 after buying an additional 420 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of Weyerhaeuser by 6.4% in the 4th quarter. Kingsview Wealth Management LLC now owns 7,379 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 445 shares during the period. Finally, ING Groep NV grew its position in shares of Weyerhaeuser by 8.9% during the fourth quarter. ING Groep NV now owns 99,939 shares of the real estate investment trust’s stock worth $3,475,000 after buying an additional 8,200 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WY shares. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Truist Financial cut their price objective on shares of 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 reaffirmed a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, DA Davidson reduced their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. 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, Weyerhaeuser has a consensus rating of “Hold” and a consensus target price of $35.83.

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.