Weyerhaeuser (NYSE:WY) Short Interest Down 15.1% in October

Weyerhaeuser (NYSE:WY - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 8,610,000 shares, a drop of 15.1% from the September 30th total of 10,140,000 shares. Currently, 1.2% of the company's shares are short sold. Based on an average daily volume of 3,910,000 shares, the short-interest ratio is currently 2.2 days.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WY shares. BMO Capital Markets reissued a "market perform" rating and set a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. DA Davidson lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Monday, July 29th. Royal Bank of Canada lifted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Finally, Truist Financial lifted their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $36.33.

Weyerhaeuser Price Performance

Shares of NYSE WY traded up $0.15 during midday trading on Monday, hitting $31.95. The company had a trading volume of 2,877,974 shares, compared to its average volume of 3,633,839. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The business has a 50-day simple moving average of $32.05 and a two-hundred day simple moving average of $30.82. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The firm has a market capitalization of $23.24 billion, a price-to-earnings ratio of 42.97 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the business earned $0.33 earnings per share. Weyerhaeuser's quarterly revenue was down 13.3% compared to the same quarter last year. Equities research analysts anticipate that Weyerhaeuser will post 0.45 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser's payout ratio is 108.11%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Albert Monaco bought 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost 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 trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the firm's stock in a transaction on Monday, August 26th. The stock was bought at an average price of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now directly owns 70,726 shares of the company's stock, valued at approximately $2,219,381.88. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Calvin O'rourke purchased 7,800 shares of the company's 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 purchase, the director now owns 17,672 shares of the company's stock, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Weyerhaeuser

A number of large investors have recently made changes to their positions in the stock. Swedbank AB purchased a new stake in Weyerhaeuser in the 1st quarter worth approximately $106,141,000. Price T Rowe Associates Inc. MD increased its stake in Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust's stock valued at $1,840,807,000 after purchasing an additional 2,874,101 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Weyerhaeuser by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock worth $291,306,000 after buying an additional 2,004,073 shares during the period. M&G Plc acquired a new stake in Weyerhaeuser in the 1st quarter worth about $60,792,000. Finally, Millennium Management LLC grew its holdings in Weyerhaeuser by 512.3% in the 2nd quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust's stock valued at $44,386,000 after buying an additional 1,308,125 shares during the period. Institutional investors and hedge funds own 82.99% of the company's stock.

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.