Weyerhaeuser (NYSE:WY) Short Interest Down 22.1% in August

Weyerhaeuser (NYSE:WY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 7,420,000 shares, a decrease of 22.1% from the August 15th total of 9,520,000 shares. Based on an average trading volume of 3,600,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several research firms have commented on WY. Truist Financial increased their price objective on shares of Weyerhaeuser from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, July 31st. DA Davidson increased their target price on shares of Weyerhaeuser from $35.00 to $40.00 in a research note on Friday, July 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $40.00 target price on shares of Weyerhaeuser in a research note on Monday, July 31st. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and increased their target price for the company from $34.00 to $38.00 in a research note on Monday, July 10th. Finally, SpectralCast reissued a “maintains” rating on shares of Weyerhaeuser in a research note on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.29.

Weyerhaeuser Stock Down 0.5 %

NYSE WY traded down $0.15 during trading on Friday, reaching $32.55. 4,783,675 shares of the company’s stock traded hands, compared to its average volume of 2,891,256. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.74 and a quick ratio of 1.42. The firm has a market cap of $23.79 billion, a price-to-earnings ratio of 33.91 and a beta of 1.52. The company’s 50 day simple moving average is $33.23 and its two-hundred day simple moving average is $31.24. Weyerhaeuser has a 12-month low of $27.36 and a 12-month high of $36.00.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.11. Weyerhaeuser had a net margin of 8.80% and a return on equity of 8.32%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm posted $1.06 EPS. The company’s revenue for the quarter was down 36.7% on a year-over-year basis. As a group, sell-side analysts forecast that Weyerhaeuser will post 1.19 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, August 31st. Weyerhaeuser’s dividend payout ratio is currently 79.17%.

Insider Buying and Selling

In related news, SVP Denise M. Merle sold 7,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $32.29, for a total transaction of $242,175.00. Following the completion of the transaction, the senior vice president now owns 147,601 shares in the company, valued at $4,766,036.29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

Institutional Trading of Weyerhaeuser

Institutional investors have recently modified their holdings of the company. Aspire Private Capital LLC acquired a new stake in Weyerhaeuser in the 1st quarter worth approximately $20,437,631,000. Eagle Bay Advisors LLC acquired a new stake in Weyerhaeuser in the 2nd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC boosted its stake in Weyerhaeuser by 320.3% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 912 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 695 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser in the 1st quarter worth approximately $28,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Weyerhaeuser in the 4th quarter worth approximately $29,000. 79.54% of the stock is currently owned by institutional investors.

About Weyerhaeuser

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.