Key Points
- Director Sara Grootwassink Lewis bought 4,500 shares of Weyerhaeuser at an average price of $23.61 on Dec. 17 for about $106,245, increasing her stake 20.95% to 25,978 shares (≈$613,341).
- Weyerhaeuser pays a quarterly dividend of $0.21 (annualized $0.84) for a yield of 3.6%, but the dividend payout ratio is very high at 186.67%.
- Analysts hold a consensus "Moderate Buy" with a $28.33 price target; the company recently posted Q results of $0.06 EPS (beating estimates) and 12.1% revenue growth, while trading at a $17B market cap and a PE of 52.39.
Weyerhaeuser Company (NYSE:WY - Get Free Report) Director Sara Grootwassink Lewis acquired 4,500 shares of the company's stock in a transaction dated Wednesday, December 17th. The stock was acquired at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. The trade was a 20.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Weyerhaeuser Trading Down 0.6%
NYSE WY opened at $23.58 on Friday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $31.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78. The company has a market capitalization of $17.00 billion, a PE ratio of 52.39, a P/E/G ratio of 124.27 and a beta of 1.08. The company has a fifty day moving average of $22.79 and a 200 day moving average of $24.70.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. Research analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.
Weyerhaeuser Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser's dividend payout ratio (DPR) is presently 186.67%.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on WY. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research note on Friday, December 12th. Citigroup lowered their target price on shares of Weyerhaeuser from $28.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, November 12th. CIBC restated an "outperform" rating on shares of Weyerhaeuser in a research note on Friday, December 12th. JPMorgan Chase & Co. cut their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an "overweight" rating for the company in a report on Friday, November 14th. Finally, Truist Financial cut their price objective on Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and a consensus price target of $28.33.
Check Out Our Latest Analysis on WY
Hedge Funds Weigh In On Weyerhaeuser
A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake 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 worth $16,466,000 after purchasing an additional 219,618 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Weyerhaeuser by 428.4% in the 1st quarter. Quantbot Technologies LP now owns 64,663 shares of the real estate investment trust's stock valued at $1,893,000 after buying an additional 52,425 shares during the period. Hsbc Holdings PLC lifted its stake in Weyerhaeuser by 25.8% during the 1st 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Weyerhaeuser by 3.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 111,122 shares of the real estate investment trust's stock valued at $3,254,000 after acquiring an additional 3,635 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in Weyerhaeuser by 3.7% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,399 shares of the real estate investment trust's stock valued at $539,000 after acquiring an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company's stock.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
