Weyerhaeuser (NYSE:WY) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Weyerhaeuser (NYSE:WY) released its quarterly earnings results on Thursday. The real estate investment trust reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04, FiscalAI reports. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.

Weyerhaeuser Stock Down 0.6%

WY stock traded down $0.17 during trading on Thursday, reaching $25.89. The stock had a trading volume of 7,796,044 shares, compared to its average volume of 8,187,237. Weyerhaeuser has a 1-year low of $21.16 and a 1-year high of $31.66. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $18.66 billion, a P/E ratio of 57.52, a PEG ratio of 97.42 and a beta of 1.04. The firm has a fifty day moving average price of $23.96 and a 200 day moving average price of $24.42.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 186.67%.

Analyst Ratings Changes

Several analysts recently commented on WY shares. DA Davidson dropped their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. CIBC reiterated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Royal Bank Of Canada lowered their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Bank of America reissued a “neutral” rating and issued a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.50.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,500 shares of the stock in a transaction on Wednesday, December 17th. The stock was purchased at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the purchase, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the sale, the chief executive officer owned 1,024,861 shares in the company, valued at $23,910,007.13. The trade was a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MUFG Securities EMEA plc bought a new position in Weyerhaeuser in the 2nd quarter worth approximately $55,000. Employees Retirement System of Texas boosted its stake in shares of Weyerhaeuser by 36.0% in the 3rd quarter. Employees Retirement System of Texas now owns 6,259 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 1,658 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Weyerhaeuser by 38.6% in the second quarter. Geneos Wealth Management Inc. now owns 6,630 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 1,846 shares during the last quarter. Polymer Capital Management HK LTD bought a new position in shares of Weyerhaeuser in the third quarter valued at about $222,000. Finally, Worth Venture Partners LLC acquired a new stake in shares of Weyerhaeuser in the third quarter valued at approximately $233,000. 82.99% of the stock is owned by institutional investors.

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.