Weyerhaeuser (NYSE:WY) Hits New 1-Year High at $36.27

Weyerhaeuser (NYSE:WY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.27 and last traded at $36.12, with a volume of 133598 shares traded. The stock had previously closed at $35.93.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. BMO Capital Markets upped their price objective on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $37.71.

Weyerhaeuser Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The firm has a market cap of $26.27 billion, a PE ratio of 31.41 and a beta of 1.43. The business has a 50-day simple moving average of $33.75 and a 200 day simple moving average of $32.36.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.24 EPS. Equities research analysts forecast that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. Weyerhaeuser’s payout ratio is 69.57%.

Insiders Place Their Bets

In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO David M. Wold sold 924 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the sale, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now directly owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,273 shares of company stock worth $1,186,703. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the company. Millburn Ridgefield Corp bought a new position in Weyerhaeuser in the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. increased its position in shares of Weyerhaeuser by 606.7% during the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 728 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new position in Weyerhaeuser during the 4th quarter worth $26,000. Eagle Bay Advisors LLC purchased a new position in shares of Weyerhaeuser during the second quarter valued at $26,000. Finally, Lindbrook Capital LLC lifted its stake in Weyerhaeuser by 92.6% in the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the period. Institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

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.