Weyerhaeuser Company (NYSE:WY) Director Sara Grootwassink Lewis Buys 4,000 Shares

Key Points

• Weyerhaeuser Director Sara Grootwassink Lewis purchased 4,000 shares of WY stock at an average price of $25.29, increasing her total holdings to 21,478 shares.
• The company announced a quarterly dividend of $0.21 per share, yielding 3.2%, scheduled to be paid on September 12th.
• Weyerhaeuser has a market capitalization of $19.06 billion and reported earnings per share of $0.12 for the last quarter, exceeding analysts' expectations.

Weyerhaeuser Company (NYSE:WY - Get Free Report) Director Sara Grootwassink Lewis bought 4,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the purchase, the director owned 21,478 shares of the company's stock, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Weyerhaeuser Price Performance

Shares of NYSE WY traded up $0.79 during mid-day trading on Wednesday, reaching $26.41. The company's stock had a trading volume of 4,369,144 shares, compared to its average volume of 4,079,364. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser Company has a 1-year low of $24.10 and a 1-year high of $34.03. The stock has a 50-day moving average of $26.07 and a two-hundred day moving average of $27.29. The stock has a market capitalization of $19.06 billion, a P/E ratio of 69.50, a P/E/G ratio of 73.25 and a beta of 1.08.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser Company will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.2%. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

Weyerhaeuser announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 8th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently added to or reduced their stakes in the company. South Plains Financial Inc. purchased a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC purchased a new position in Weyerhaeuser in the 4th quarter valued at $27,000. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser in the 1st quarter valued at $29,000. Hantz Financial Services Inc. grew its position in Weyerhaeuser by 86.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 521 shares during the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in Weyerhaeuser in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Analysts Set New Price Targets

WY has been the topic of several recent research reports. Citigroup decreased their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. DA Davidson cut their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. CIBC lowered their price objective on shares of Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Weyerhaeuser currently has an average rating of "Moderate Buy" and an average target price of $32.88.

Weyerhaeuser Company Profile

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.

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