Weyerhaeuser (NYSE:WY) Director James Calvin O’rourke Buys 4,000 Shares of Stock

Weyerhaeuser Company (NYSE:WY) Director James Calvin O’rourke acquired 4,000 shares of the stock in a transaction dated Friday, February 20th. The stock was acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Weyerhaeuser Price Performance

NYSE:WY opened at $25.29 on Friday. The stock’s 50 day moving average price is $25.42 and its two-hundred day moving average price is $24.53. Weyerhaeuser Company has a 12-month low of $21.16 and a 12-month high of $31.66. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 57.47 and a beta of 1.03. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis. On average, analysts anticipate 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 issued 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 is 190.91%.

Institutional Investors Weigh In On Weyerhaeuser

A number of hedge funds have recently added to or reduced their stakes in WY. Hantz Financial Services Inc. lifted its position in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares during the period. Tradewinds Capital Management LLC increased its stake 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 valued at $30,000 after buying an additional 959 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 501 shares during the period. FNY Investment Advisers LLC bought a new position in Weyerhaeuser during the fourth quarter valued at about $39,000. Finally, Addison Advisors LLC grew its position in shares of Weyerhaeuser by 83.4% during the 4th 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 during the period. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WY. Royal Bank Of Canada decreased their price target on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. DA Davidson reiterated a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a report on Monday, February 2nd. Bank of America restated a “neutral” rating and issued a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, New Street Research set a $28.00 target price on Weyerhaeuser in a report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.