Key Points
- CEO Devin Stockfish sold 90,162 shares on Dec. 15 at an average price of $23.33 for about $2.10M, trimming his stake by 8.09% to 1,024,861 shares (SEC filing disclosed).
- Weyerhaeuser beat quarterly EPS expectations (reported $0.06 vs. consensus -$0.07) with revenue of $1.72B (up 12.1% YoY), and sell-side analysts project about $0.78 EPS for the fiscal year.
- The company pays a $0.21 quarterly dividend ( $0.84 annual, ~3.5% yield) but has a dividend payout ratio of 186.67%, indicating the dividend may be stretched relative to earnings.
Weyerhaeuser Company (NYSE:WY - Get Free Report) CEO Devin Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the transaction, the chief executive officer owned 1,024,861 shares of the company's stock, valued at $23,910,007.13. The trade was a 8.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Weyerhaeuser Price Performance
WY opened at $23.75 on Thursday. The firm has a market cap of $17.12 billion, a PE ratio of 52.77, a P/E/G ratio of 121.91 and a beta of 1.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $31.66. The stock has a 50-day moving average price of $22.81 and a 200-day moving average price of $24.71.
Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.13. The firm had revenue of $1.72 billion for 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 business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.
Weyerhaeuser Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.21 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.5%. Weyerhaeuser's dividend payout ratio (DPR) is currently 186.67%.
Institutional Investors Weigh In On Weyerhaeuser
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WY. Horizon Investments LLC boosted its position in shares of Weyerhaeuser by 5.2% in the first quarter. Horizon Investments LLC now owns 10,468 shares of the real estate investment trust's stock worth $307,000 after purchasing an additional 516 shares during the period. American Century Companies Inc. raised its holdings in Weyerhaeuser by 64.1% during the first quarter. American Century Companies Inc. now owns 562,358 shares of the real estate investment trust's stock valued at $16,466,000 after acquiring an additional 219,618 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in shares of Weyerhaeuser in the first quarter valued at about $221,000. Quantbot Technologies LP lifted its position in shares of Weyerhaeuser by 428.4% in the first quarter. Quantbot Technologies LP now owns 64,663 shares of the real estate investment trust's stock valued at $1,893,000 after acquiring an additional 52,425 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Weyerhaeuser by 25.8% in the first quarter. Hsbc Holdings PLC now owns 2,722,403 shares of the real estate investment trust's stock worth $79,453,000 after acquiring an additional 557,881 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $28.00 to $27.00 and set an "overweight" rating on the stock in a report on Friday, November 14th. CIBC reissued an "outperform" rating on shares of Weyerhaeuser in a report on Friday, December 12th. Citigroup cut their price target on Weyerhaeuser from $28.00 to $26.00 and set a "buy" rating for the company in a research note on Wednesday, November 12th. Bank of America reiterated a "neutral" rating and issued a $26.00 price objective (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Finally, DA Davidson dropped their price objective on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a report on Monday, November 3rd. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $28.33.
Get Our Latest Stock Analysis on WY
Weyerhaeuser Company Profile
(
Get Free Report)
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.
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