Richard Beckwitt Purchases 20,000 Shares of Weyerhaeuser (NYSE:WY) Stock

Weyerhaeuser Company (NYSE:WY) Director Richard Beckwitt purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the acquisition, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Weyerhaeuser Stock Performance

NYSE WY opened at $25.29 on Friday. Weyerhaeuser Company has a 52-week low of $21.16 and a 52-week high of $31.66. The company has a fifty day moving average of $25.42 and a 200-day moving average of $24.52. The company has a market capitalization of $18.22 billion, a P/E ratio of 57.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $0.11 earnings per share. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, equities research analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 annualized dividend and a yield of 3.3%. Weyerhaeuser’s dividend payout ratio is currently 190.91%.

Wall Street Analysts Forecast Growth

WY has been the subject of a number of recent research reports. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Royal Bank Of Canada lowered their price target 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. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Citigroup lifted their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus target price of $28.88.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. grew its stake in shares of Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 521 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 959 shares during the period. Cromwell Holdings LLC grew its position in shares of Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $39,000. Finally, Addison Advisors LLC raised its holdings in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 757 shares in the last quarter. 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.