Weyerhaeuser SVP Sells $135,603 in Stock (WY)
Weyerhaeuser (NYSE:WY) SVP Srinivasan Chandrasekaran sold 4,446 shares of Weyerhaeuser stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $30.50, for a total transaction of $135,603.00. Following the sale, the senior vice president now directly owns 90,778 shares of the company’s stock, valued at approximately $2,768,729. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Weyerhaeuser (NYSE:WY) last released its earnings data on Friday, October 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis.
A number of analysts have recently weighed in on WY shares. Analysts at Morgan Joseph initiated coverage on shares of Weyerhaeuser in a research note to investors on Thursday, December 12th. They set an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a research note to investors on Thursday, December 12th. They set an “overweight” rating and a $37.00 price target on the stock. Finally, analysts at Scotiabank raised their price target on shares of Weyerhaeuser from $33.00 to $34.50 in a research note to investors on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $32.65.
Weyerhaeuser Company, formerly Weyerhaeuser Timber Company is a forest products company. The Company is engaged in growing and harvesting trees, builds homes and making a range of forest products.
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