Weyerhaeuser (NYSE:WY) Announces Earnings Results

Weyerhaeuser (NYSE:WY) announced its quarterly earnings data on Thursday. The real estate investment trust reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04, FiscalAI reports. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $0.11 earnings per share. The business’s revenue was down 9.8% on a year-over-year basis.

Weyerhaeuser Price Performance

NYSE:WY opened at $25.89 on Friday. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 57.52, a PEG ratio of 96.75 and a beta of 1.04. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $31.66. The business has a 50 day simple moving average of $24.05 and a 200-day simple moving average of $24.43. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78.

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 given a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 dividend on an annualized basis and a yield of 3.2%. Weyerhaeuser’s dividend payout ratio is 186.67%.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds have recently bought and sold shares of the business. Danske Bank A S bought a new position in Weyerhaeuser during the 3rd quarter worth about $6,041,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Weyerhaeuser by 1.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 870,855 shares of the real estate investment trust’s stock valued at $21,635,000 after purchasing an additional 10,605 shares in the last quarter. Worth Venture Partners LLC purchased a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $233,000. XTX Topco Ltd bought a new position in shares of Weyerhaeuser during the third quarter valued at approximately $703,000. Finally, United Capital Financial Advisors LLC increased its holdings in Weyerhaeuser by 7.6% during the third quarter. United Capital Financial Advisors LLC now owns 16,631 shares of the real estate investment trust’s stock valued at $412,000 after buying an additional 1,169 shares during the period. Institutional investors own 82.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WY. Citigroup increased their price objective on shares of Weyerhaeuser from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a research note on Friday, December 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday, December 29th. Royal Bank Of Canada dropped their price objective on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and an average target price of $28.50.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.