Weyerhaeuser (NYSE:WY) Stock Price Up 11.4%

Weyerhaeuser Co (NYSE:WY) shares rose 11.4% on Wednesday . The stock traded as high as $16.90 and last traded at $18.81, approximately 3,277,521 shares changed hands during trading. A decline of 54% from the average daily volume of 7,168,249 shares. The stock had previously closed at $16.88.

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

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.19. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of -166.18 and a beta of 1.69. The business’s fifty day simple moving average is $25.27 and its 200 day simple moving average is $28.08.

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 analysts’ consensus estimates of $0.06 by ($0.03). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. Weyerhaeuser had a positive return on equity of 3.32% and a negative net margin of 1.16%. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. Equities research analysts expect that Weyerhaeuser Co will post 0.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 6th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date was Thursday, March 5th. Weyerhaeuser’s payout ratio is 348.72%.

In other Weyerhaeuser news, CFO Russell S. Hagen sold 20,800 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $28.27, for a total value of $588,016.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sara Grootwassink Lewis purchased 5,000 shares of Weyerhaeuser stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of $17.96 per share, with a total value of $89,800.00. Following the completion of the acquisition, the director now directly owns 17,478 shares of the company’s stock, valued at approximately $313,904.88. The disclosure for this purchase can be found here. Insiders acquired 8,000 shares of company stock valued at $151,680 over the last 90 days. Corporate insiders own 0.43% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. Solstein Capital LLC acquired a new position in Weyerhaeuser during the 4th quarter worth about $27,000. Hoey Investments Inc. acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $30,000. Keebeck Wealth Management LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $30,000. S.A. Mason LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $33,000. Finally, West Bancorporation Inc. acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth about $48,000. 78.12% of the stock is currently owned by hedge funds and other 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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