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

by · The Markets Daily

Weyerhaeuser Company (NYSE:WY – Get Free Report) CEO Devin Stockfish sold 90,162 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. This represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Weyerhaeuser Price Performance

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

Weyerhaeuser (NYSE:WY – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.Weyerhaeuser’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Institutional Trading of Weyerhaeuser

Several institutional investors have recently made changes to their positions in WY. JPMorgan Chase & Co. boosted its holdings in Weyerhaeuser by 11.5% during the second quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock valued at $341,833,000 after acquiring an additional 1,374,109 shares during the period. OFI Invest Asset Management acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $1,370,000. Norges Bank bought a new stake in Weyerhaeuser during the 2nd quarter valued at approximately $600,502,000. Prudential Financial Inc. grew its holdings in Weyerhaeuser by 7.4% in the 2nd quarter. Prudential Financial Inc. now owns 423,889 shares of the real estate investment trust’s stock valued at $10,890,000 after buying an additional 29,098 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Weyerhaeuser by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after buying an additional 542,912 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WY has been the topic of several recent analyst reports. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research note on Friday, December 12th. DA Davidson dropped their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Truist Financial reduced their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, October 13th. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Monday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Read Our Latest Stock Analysis on WY

Weyerhaeuser Company Profile

(Get Free Report)

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.

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