Weyerhaeuser (NYSE:WY) Director Purchases $106,245.00 in Stock

Weyerhaeuser Company (NYSE:WY) Director Sara Grootwassink Lewis acquired 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director directly owned 25,978 shares of the company’s stock, valued at $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Weyerhaeuser Price Performance

WY stock traded down $0.15 during trading on Thursday, reaching $23.58. 8,187,997 shares of the company were exchanged, compared to its average volume of 4,602,983. The company has a market cap of $17.00 billion, a P/E ratio of 52.39, a PEG ratio of 121.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23. The stock’s 50 day moving average price is $22.81 and its 200 day moving average price is $24.71. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $31.66.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. As a group, analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.6%. Weyerhaeuser’s dividend payout ratio is 186.67%.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Weyerhaeuser by 11.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock worth $341,833,000 after buying an additional 1,374,109 shares in the last quarter. OFI Invest Asset Management bought a new position in Weyerhaeuser during the second quarter valued at about $1,370,000. Norges Bank acquired a new position in Weyerhaeuser during the second quarter worth about $600,502,000. Prudential Financial Inc. raised its position in Weyerhaeuser by 7.4% in the second quarter. Prudential Financial Inc. now owns 423,889 shares of the real estate investment trust’s stock worth $10,890,000 after acquiring an additional 29,098 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Weyerhaeuser by 0.5% in the second quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after acquiring an additional 542,912 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on WY shares. Bank of America reaffirmed a “neutral” rating and issued a $26.00 price objective (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Truist Financial lowered their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a report on Monday. CIBC restated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average price target of $28.33.

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.