Weyerhaeuser (NYSE:WY) Trading Down 5.7%

Shares of Weyerhaeuser Co (NYSE:WY) were down 5.7% during mid-day trading on Tuesday . The company traded as low as $28.07 and last traded at $28.07, approximately 4,617,856 shares traded hands during trading. An increase of 25% from the average daily volume of 3,703,345 shares. The stock had previously closed at $29.76.

WY has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday, January 6th. Argus boosted their target price on shares of Weyerhaeuser to $32.00 and gave the company a “buy” rating in a research note on Monday, November 18th. ValuEngine downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup increased their target price on Weyerhaeuser from $33.00 to $35.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Bank of America cut Weyerhaeuser from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Weyerhaeuser currently has an average rating of “Buy” and a consensus target price of $31.64.

The business’s 50-day simple moving average is $29.95 and its 200-day simple moving average is $28.56. The company has a market cap of $22.91 billion, a PE ratio of -255.18 and a beta of 1.69. The company has a current ratio of 1.60, a quick ratio of 1.19 and a debt-to-equity ratio of 0.75.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, January 31st. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Weyerhaeuser had a negative net margin of 1.16% and a positive return on equity of 3.32%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, research analysts predict that Weyerhaeuser Co will post 0.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.85%. The ex-dividend date is Thursday, March 5th. Weyerhaeuser’s payout ratio is currently 348.72%.

In related news, CFO Russell S. Hagen sold 20,800 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $28.27, for a total value of $588,016.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.43% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in WY. Solstein Capital LLC bought a new position in Weyerhaeuser in the 4th quarter worth $27,000. Hoey Investments Inc. bought a new stake in Weyerhaeuser during the fourth quarter valued at about $30,000. Keebeck Wealth Management LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $30,000. S.A. Mason LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $33,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Weyerhaeuser in the third quarter worth about $43,000. 76.66% of the stock is owned by institutional investors.

About Weyerhaeuser (NYSE:WY)

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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