Weyerhaeuser Co (NYSE:WY) insider Devin W. Stockfish acquired 5,195 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $23.03 per share, with a total value of $119,640.85. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:WY traded up $0.06 during midday trading on Monday, reaching $26.40. The company’s stock had a trading volume of 5,133,202 shares, compared to its average volume of 5,085,839. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 8.44 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.10 and a current ratio of 1.48. Weyerhaeuser Co has a 1 year low of $20.52 and a 1 year high of $37.44. The company’s 50 day moving average is $24.50.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts expect that Weyerhaeuser Co will post 0.62 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc increased its position in shares of Weyerhaeuser by 5.7% during the third quarter. Vanguard Group Inc now owns 96,333,445 shares of the real estate investment trust’s stock worth $3,108,681,000 after acquiring an additional 5,195,461 shares during the last quarter. BlackRock Inc. increased its position in shares of Weyerhaeuser by 1.9% during the first quarter. BlackRock Inc. now owns 52,954,173 shares of the real estate investment trust’s stock worth $1,394,812,000 after acquiring an additional 1,006,414 shares during the last quarter. American Century Companies Inc. increased its position in shares of Weyerhaeuser by 9.2% during the first quarter. American Century Companies Inc. now owns 18,464,294 shares of the real estate investment trust’s stock worth $486,350,000 after acquiring an additional 1,559,897 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Weyerhaeuser by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 11,271,941 shares of the real estate investment trust’s stock worth $246,032,000 after acquiring an additional 711,947 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Weyerhaeuser during the fourth quarter worth about $173,259,000. Institutional investors own 76.32% of the company’s stock.
Several equities analysts recently weighed in on WY shares. Seaport Global Securities started coverage on Weyerhaeuser in a research note on Tuesday, April 2nd. They issued a “buy” rating for the company. Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research note on Friday, April 5th. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $33.10.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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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