Weyerhaeuser (NYSE:WY) Director Buys $514,000.00 in Stock

Weyerhaeuser Company (NYSE:WY) Director Richard Beckwitt bought 20,000 shares of Weyerhaeuser stock in a transaction on Thursday, February 19th. The shares were purchased at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares of the company’s stock, valued at $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $25.29 on Monday. The firm has a 50 day simple moving average of $25.42 and a 200-day simple moving average of $24.51. The stock has a market cap of $18.22 billion, a price-to-earnings ratio of 57.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be given 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 (DPR) is presently 190.91%.

Analyst Ratings Changes

Several brokerages have weighed in on WY. Citigroup increased their target price on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday. Bank of America reaffirmed a “neutral” rating and set a $26.00 price objective (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of “Hold” and an average target price of $28.88.

Institutional Investors Weigh In On Weyerhaeuser

Several large investors have recently added to or reduced their stakes in WY. Invesco Ltd. grew its stake in shares of Weyerhaeuser by 3.5% in the fourth quarter. Invesco Ltd. now owns 11,389,684 shares of the real estate investment trust’s stock worth $269,822,000 after acquiring an additional 382,244 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Weyerhaeuser by 6.7% in the fourth quarter. Corient Private Wealth LLC now owns 180,828 shares of the real estate investment trust’s stock valued at $4,290,000 after purchasing an additional 11,317 shares during the period. Strive Financial Group LLC acquired a new position in Weyerhaeuser during the 4th quarter worth $45,000. Beacon Pointe Advisors LLC increased its holdings in Weyerhaeuser by 3.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 35,273 shares of the real estate investment trust’s stock worth $836,000 after purchasing an additional 1,258 shares during the period. Finally, State of Tennessee Department of Treasury increased its holdings in Weyerhaeuser by 21.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 340,642 shares of the real estate investment trust’s stock worth $8,782,000 after purchasing an additional 60,742 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.