Weyerhaeuser VP Unloads $418,799 in Stock (WY)
Weyerhaeuser (NYSE:WY) VP Rhonda D. Hunter sold 12,242 shares of the company’s stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $34.21, for a total transaction of $418,798.82. Following the completion of the transaction, the vice president now directly owns 28,024 shares in the company, valued at approximately $958,701. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Weyerhaeuser (NYSE:WY) traded down 0.56% during mid-day trading on Thursday, hitting $33.95. The stock had a trading volume of 2,289,356 shares. Weyerhaeuser has a 1-year low of $26.91 and a 1-year high of $34.60. The stock has a 50-day moving average of $32.60 and a 200-day moving average of $30.83. The company has a market cap of $17.936 billion and a price-to-earnings ratio of 30.11. Weyerhaeuser also saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 22,205,681 shares, a decline of 11.9% from the July 31st total of 25,196,997 shares. Approximately 3.9% of the company’s shares are sold short. Based on an average daily volume of 2,753,616 shares, the days-to-cover ratio is currently 8.1 days.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, August 1st. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.08. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the company posted $0.35 earnings per share. Weyerhaeuser’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Weyerhaeuser will post $1.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.22.
A number of analysts have recently weighed in on WY shares. Analysts at Argus raised their price target on shares of Weyerhaeuser from $36.00 to $39.00 in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research raised their price target on shares of Weyerhaeuser from $35.00 to $39.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Thursday, August 7th. They now have a $33.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.64.
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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