Insider Buying: Weyerhaeuser (NYSE:WY) Director Acquires $101,400.00 in Stock

Weyerhaeuser Company (NYSE:WY) Director James Calvin O’rourke acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $25.35 per share, with a total value of $101,400.00. Following the acquisition, the director directly owned 28,661 shares of the company’s stock, valued at $726,556.35. The trade was a 16.22% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Weyerhaeuser Price Performance

Shares of WY opened at $25.29 on Monday. The stock has a market cap of $18.22 billion, a P/E ratio of 57.47 and a beta of 1.03. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $31.66. The stock’s 50-day moving average price is $25.42 and its two-hundred day moving average price is $24.51. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS 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 company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the business posted $0.11 EPS. Weyerhaeuser’s revenue was down 9.8% on a year-over-year basis. On average, equities analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently bought and sold shares of the company. NovaPoint Capital LLC grew its stake in shares of Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock worth $352,000 after acquiring an additional 385 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Weyerhaeuser by 4.2% in the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after purchasing an additional 409 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 428 shares in the last quarter. Summit Financial LLC increased its stake in Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after buying an additional 428 shares during the last quarter. Finally, BOKF NA increased its stake in Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Upgrades and Downgrades

WY has been the topic of several research analyst reports. Zacks Research raised Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Bank of America reaffirmed a “neutral” rating and set a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Royal Bank Of Canada lowered their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, Truist Financial raised their target price on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.88.

About Weyerhaeuser

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.