Weyerhaeuser (NYSE:WY) Sees Large Decline in Short Interest

Weyerhaeuser (NYSE:WY - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,680,000 shares, a drop of 13.1% from the February 13th total of 9,990,000 shares. Based on an average daily trading volume, of 3,740,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Trading of Weyerhaeuser

Several large investors have recently bought and sold shares of WY. 111 Capital acquired a new stake in Weyerhaeuser in the 4th quarter valued at about $413,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Weyerhaeuser by 17.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 72,630 shares of the real estate investment trust's stock valued at $2,045,000 after purchasing an additional 10,556 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $2,230,000. Siemens Fonds Invest GmbH raised its position in shares of Weyerhaeuser by 130.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 34,627 shares of the real estate investment trust's stock worth $975,000 after purchasing an additional 19,625 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Weyerhaeuser in the 4th quarter valued at approximately $13,868,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Price Performance

Shares of NYSE WY traded down $0.94 during midday trading on Friday, hitting $29.18. The company had a trading volume of 6,488,077 shares, compared to its average volume of 3,365,808. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 53.05, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The business has a 50-day simple moving average of $30.03 and a two-hundred day simple moving average of $30.75. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50.

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Weyerhaeuser (NYSE:WY - Get Free Report) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.88%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, March 7th. Weyerhaeuser's payout ratio is presently 152.73%.

Analysts Set New Price Targets

WY has been the subject of a number of recent research reports. Citigroup decreased their price objective on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Friday, December 6th. Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research report on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Cibc World Mkts raised shares of Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Company Profile

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.