Weyerhaeuser (NYSE:WY) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Weyerhaeuser (NYSE:WY) announced its earnings results on Thursday. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07, FiscalAI reports. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS.

Weyerhaeuser Trading Up 0.5%

WY stock traded up $0.13 during mid-day trading on Friday, reaching $24.65. The company had a trading volume of 828,114 shares, compared to its average volume of 6,191,153. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The company has a market capitalization of $17.77 billion, a PE ratio of 56.08, a price-to-earnings-growth ratio of 2.65 and a beta of 0.98. The firm has a 50 day moving average of $24.33 and a 200 day moving average of $24.19. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $27.86.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is currently 190.91%.

Analyst Upgrades and Downgrades

WY has been the topic of several analyst reports. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a report on Thursday, April 23rd. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Truist Financial cut their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, March 31st. Finally, Citigroup reiterated an “outperform” rating on shares of Weyerhaeuser in a report on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.75.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt acquired 20,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were purchased at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the director owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Calvin O’rourke acquired 4,000 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This represents a 16.22% increase in their position. The SEC filing for this purchase provides additional information. 0.31% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently modified their holdings of WY. Cordoba Advisory Partners LLC purchased a new stake in Weyerhaeuser during the fourth quarter valued at approximately $230,000. Syon Capital LLC purchased a new stake in Weyerhaeuser during the fourth quarter valued at approximately $220,000. Parallel Advisors LLC lifted its position in Weyerhaeuser by 9.8% during the fourth quarter. Parallel Advisors LLC now owns 8,480 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 756 shares during the last quarter. Worth Venture Partners LLC purchased a new stake in Weyerhaeuser during the third quarter valued at approximately $233,000. Finally, Polymer Capital Management HK LTD purchased a new stake in Weyerhaeuser during the third quarter valued at approximately $222,000. 82.99% of the stock is currently owned by institutional investors.

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.