Weyerhaeuser (NYSE:WY) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Weyerhaeuser (NYSE:WY) released its quarterly earnings results on Thursday. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04, FiscalAI reports. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion.

Weyerhaeuser Stock Down 0.6%

Shares of WY stock traded down $0.17 during trading hours on Thursday, reaching $25.89. The company had a trading volume of 7,727,975 shares, compared to its average volume of 8,085,780. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 57.52, a price-to-earnings-growth ratio of 97.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $31.66. The business has a fifty day simple moving average of $23.96 and a 200-day simple moving average of $24.42.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. Weyerhaeuser’s dividend payout ratio is 186.67%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WY shares. Royal Bank Of Canada dropped their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. CIBC reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. DA Davidson cut their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday, December 29th. Finally, Bank of America reaffirmed a “neutral” rating and set a $26.00 price objective (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.50.

Insiders Place Their Bets

In other news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the sale, the chief executive officer owned 1,024,861 shares in the company, valued at $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were purchased at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the transaction, the director directly owned 25,978 shares of the company’s stock, valued at $613,340.58. This represents a 20.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds have recently modified their holdings of the company. BOKF NA grew its holdings in shares of Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 463 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Weyerhaeuser by 5.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 12,126 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 614 shares during the period. United Capital Financial Advisors LLC increased its position in shares of Weyerhaeuser by 7.6% during the 3rd quarter. United Capital Financial Advisors LLC now owns 16,631 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 1,169 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Weyerhaeuser by 12.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 10,817 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 1,181 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Weyerhaeuser by 7.3% during the 2nd quarter. NewEdge Advisors LLC now owns 17,774 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 1,211 shares during the period. Institutional investors own 82.99% of the company’s stock.

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.