Devin Stockfish Sells 90,162 Shares of Weyerhaeuser (NYSE:WY) Stock

Weyerhaeuser Company (NYSE:WY) CEO Devin Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded up $0.54 during trading on Wednesday, hitting $23.82. 6,525,216 shares of the stock were exchanged, compared to its average volume of 4,569,597. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.66. The company has a market capitalization of $17.17 billion, a price-to-earnings ratio of 52.90, a price-to-earnings-growth ratio of 122.28 and a beta of 1.08. The company’s fifty day simple moving average is $22.82 and its 200-day simple moving average is $24.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 1.23.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 earnings per share. Sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s payout ratio is presently 186.67%.

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors have recently modified their holdings of WY. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser during the first quarter valued at about $29,000. Hantz Financial Services Inc. grew its stake in shares of Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 959 shares in the last quarter. Cromwell Holdings LLC grew its position in shares of Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares in the last quarter. Finally, Private Wealth Asset Management LLC lifted its holdings in Weyerhaeuser by 135.2% during the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson dropped their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research note on Friday, December 12th. Bank of America reiterated a “neutral” rating and set a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Weyerhaeuser Company Profile

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.