2 weeks Ago By Defense World Staff
Weyerhaeuser ( NYSE:WY – Get Free Report ) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 8,840,000 shares, an increase of 18.7% from the August 31st total of 7,450,000 shares.
Approximately 1.2% of the shares of the stock are sold short. Based on an average trading volume of 3,940,000 shares, the short-interest ratio is presently 2.
2 days. Weyerhaeuser Stock Up 0.3 % WY stock traded up $0.
11 during midday trading on Monday, hitting $33.86. 4,766,807 shares of the company’s stock were exchanged, compared to its average volume of 3,662,611.
The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.
48. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.
27. The firm has a 50 day moving average price of $31.26 and a 200-day moving average price of $31.
13. The stock has a market capitalization of $24.63 billion, a price-to-earnings ratio of 30.
68 and a beta of 1.40. Weyerhaeuser ( NYSE:WY – Get Free Report ) last posted its quarterly earnings data on Thursday, July 25th.
The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.
01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.
89%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.
98 billion. During the same quarter in the prior year, the firm earned $0.32 earnings per share.
Weyerhaeuser’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser will post 0.
52 EPS for the current year. Weyerhaeuser Dividend Announcement Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on the company. DA Davidson reduced their price objective on Weyerhaeuser from $37.
00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Citigroup reduced their price target on Weyerhaeuser from $37.
00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets reissued a “market perform” rating and set a $38.
00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price target on Weyerhaeuser from $34.00 to $37.
00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Truist Financial reduced their price target on Weyerhaeuser from $32.00 to $31.
00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and an average price target of $35.
83. View Our Latest Research Report on Weyerhaeuser Insider Activity at Weyerhaeuser In related news, Director Albert Monaco acquired 31,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of $31.
38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares in the company, valued at $2,219,381.
88. The purchase was disclosed in a document filed with the SEC, which is available through this link . In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction on Monday, August 26th.
The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00.
Following the acquisition, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
Also, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.
00. Following the acquisition, the director now directly owns 17,672 shares in the company, valued at $565,680.72.
The disclosure for this purchase can be found here . Corporate insiders own 0.27% of the company’s stock.
Institutional Inflows and Outflows A number of institutional investors have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Weyerhaeuser by 195.1% during the 2nd quarter.
Healthcare of Ontario Pension Plan Trust Fund now owns 715,200 shares of the real estate investment trust’s stock worth $20,305,000 after buying an additional 472,878 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Weyerhaeuser during the 2nd quarter worth $633,000. Sanctuary Advisors LLC bought a new position in Weyerhaeuser during the 2nd quarter worth $1,153,000.
Clearbridge Investments LLC grew its stake in Weyerhaeuser by 2.0% during the 2nd quarter. Clearbridge Investments LLC now owns 65,722 shares of the real estate investment trust’s stock worth $1,866,000 after buying an additional 1,319 shares during the last quarter.
Finally, Regency Capital Management Inc. DE bought a new position in Weyerhaeuser during the 2nd quarter worth $430,000. 82.
99% of the stock is currently owned by institutional investors. Weyerhaeuser Company Profile ( Get Free Report ) 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.
Recommended Stories Five stocks we like better than Weyerhaeuser P/E Ratio Calculation: How to Assess Stocks TJX Stock: A Buying Opportunity Before the Holiday Rush 3 Ways To Invest In Coffee, Other Than Drinking It Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Consumer Staples Stocks, Explained Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter ..
