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 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 completion of the purchase, the director now directly owns 17,672 shares in the company, valued at approximately $565,680.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Weyerhaeuser Stock Performance

Shares of NYSE WY traded up $0.07 during mid-day trading on Monday, reaching $32.52. 2,610,642 shares of the company were exchanged, compared to its average volume of 3,584,268. The stock has a market capitalization of $23.65 billion, a P/E 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. The company’s 50-day simple moving average is $30.52 and its 200-day simple moving average is $31.22. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. As a group, research analysts predict that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.46%. Weyerhaeuser’s payout ratio is presently 72.73%.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently modified their holdings of the business. Ridgewood Investments LLC bought a new position in Weyerhaeuser during the 2nd quarter worth $26,000. American National Bank increased its position in shares of Weyerhaeuser by 171.5% in the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser in the second quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in Weyerhaeuser during the first quarter worth about $33,000. Finally, Park Place Capital Corp grew its stake in Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on WY shares. Royal Bank of Canada lifted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. 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 research note on Tuesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Truist Financial decreased 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.