Weyerhaeuser (NYSE:WY) SVP Keith O’rear Sells 8,349 Shares

Weyerhaeuser (NYSE:WY) SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Weyerhaeuser Trading Down 0.1 %

NYSE WY traded down $0.03 during mid-day trading on Thursday, reaching $35.90. 3,438,306 shares of the stock were exchanged, compared to its average volume of 3,566,995. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27. The business’s fifty day simple moving average is $33.82 and its 200 day simple moving average is $32.39. The stock has a market capitalization of $26.19 billion, a PE ratio of 31.22 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, research analysts anticipate that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a yield of 2.23%. Weyerhaeuser’s dividend payout ratio is 69.57%.

Institutional Investors Weigh In On Weyerhaeuser

Several large investors have recently made changes to their positions in WY. Ascent Group LLC increased its stake in shares of Weyerhaeuser by 3.8% during the third quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 348 shares during the period. MMA Asset Management LLC increased its stake in shares of Weyerhaeuser by 4.9% during the second quarter. MMA Asset Management LLC now owns 7,521 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 349 shares during the period. SVB Wealth LLC increased its stake in shares of Weyerhaeuser by 3.2% during the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $395,000 after acquiring an additional 351 shares during the period. Home Federal Bank of Tennessee increased its stake in shares of Weyerhaeuser by 1.0% during the third quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock valued at $1,126,000 after acquiring an additional 355 shares during the period. Finally, Foundations Investment Advisors LLC increased its stake in shares of Weyerhaeuser by 3.6% during the third quarter. Foundations Investment Advisors LLC now owns 10,472 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on WY shares. BMO Capital Markets increased their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a research report on Wednesday, March 13th. StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.71.

About Weyerhaeuser

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.