Weyerhaeuser (NYSE:WY) Director Buys $988,470.00 in Stock

Weyerhaeuser (NYSE:WY) Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now directly owns 70,726 shares in the company, valued at approximately $2,219,381.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weyerhaeuser Stock Down 1.5 %

WY traded down $0.48 during trading hours on Tuesday, hitting $30.60. 2,942,880 shares of the company’s stock were exchanged, compared to its average volume of 3,558,148. The firm has a market cap of $22.31 billion, a P/E ratio of 27.82 and a beta of 1.39. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $29.71 and a 200 day moving average of $31.48.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. Analysts predict that Weyerhaeuser will post 0.59 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WY. Royal Bank of Canada raised their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. DA Davidson reduced their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Finally, Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Six 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 stock presently has a consensus rating of “Hold” and an average price target of $35.83.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Weyerhaeuser by 3.4% in the 4th quarter. CWM LLC now owns 14,804 shares of the real estate investment trust’s stock valued at $515,000 after purchasing an additional 492 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Weyerhaeuser by 12.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,965,254 shares of the real estate investment trust’s stock worth $68,343,000 after acquiring an additional 219,330 shares in the last quarter. PGGM Investments boosted its position in shares of Weyerhaeuser by 9.0% during the 4th quarter. PGGM Investments now owns 85,615 shares of the real estate investment trust’s stock worth $2,977,000 after acquiring an additional 7,099 shares in the last quarter. Capital Investment Counsel Inc purchased a new position in shares of Weyerhaeuser in the 4th quarter valued at about $200,000. Finally, Mather Group LLC. acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $238,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

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.