Investors Buy High Volume of Weyerhaeuser Put Options (WY)
Weyerhaeuser (NYSE:WY) was the target of unusually large options trading on Monday. Traders acquired 62,199 put options on the stock, American Banking News reports. This is an increase of approximately 157% compared to the average daily volume of 24,187 put options.
In other Weyerhaeuser news, Insider Peter M. Orser unloaded 52,000 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $31.30, for a total value of $1,627,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, May 2nd. They now have a $31.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Weyerhaeuser presently has an average rating of “Buy” and an average target price of $32.83.
Shares of Weyerhaeuser (NYSE:WY) traded down 0.06% during mid-day trading on Monday, hitting $31.32. 7,107,886 shares of the company’s stock traded hands. Weyerhaeuser has a 1-year low of $26.38 and a 1-year high of $32.00. The stock’s 50-day moving average is $30.17 and its 200-day moving average is $30.01. The company has a market cap of $18.322 billion and a P/E ratio of 31.28.
Weyerhaeuser (NYSE:WY) last released its earnings data on Friday, April 25th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.02. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Weyerhaeuser will post $1.40 EPS for the current fiscal year.
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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