In yesterday’s Wall Street session, Weyerhaeuser Company (NYSE:WY) shares traded at $29.59, up 0.24% from the previous session.
WY stock price is now -0.94% away from the 50-day moving average and -4.45% away from the 200-day moving average. The market capitalization of the company currently stands at $21.62B.
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In other news, Merle Denise M, Senior Vice President sold 1,781 shares of the company’s stock on May 16. The stock was sold for $53,430 at an average price of $30.00. Upon completion of the transaction, the Senior Vice President now directly owns 160,507 shares in the company, valued at $4.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, President and CEO Stockfish Devin W sold 1,800 shares of the business’s stock. A total of $64,800 was realized by selling the stock at an average price of $36.00. This leaves the insider owning 567,381 shares of the company worth $16.79 million. Insiders disposed of 253,503 shares of company stock worth roughly $7.5 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WY stock. A new stake in Weyerhaeuser Company shares was purchased by FARMER STEVEN PATRICK during the first quarter worth $84,686,000. ZIMMER PARTNERS, LP invested $46,604,000 in shares of WY during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in Weyerhaeuser Company valued at approximately $16,511,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in WY for approximately $10,088,000. JEFFERIES FINANCIAL GROUP INC. purchased a new stake in WY valued at around $4,006,000 in the second quarter.
Friday morning saw Weyerhaeuser Company (NYSE: WY) opened at $29.76. During the past 12 months, Weyerhaeuser Company has had a low of $26.64 and a high of $39.29. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 1.20, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $25.41B, which is based on a 17.45 price-to-earnings ratio, a 3.49 price-to-earnings-growth ratio, and a beta of 1.48. The fifty day moving average price for WY is $29.85 and a two-hundred day moving average price translates $31.50 for the stock.
The latest earnings results from Weyerhaeuser Company (NYSE: WY) was released for Mar, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.21, beating analysts’ expectations of $0.11 by 0.1. This compares to $1.03 EPS in the same period last year. The net profit margin was 14.10% and return on equity was 11.90% for WY. The company reported revenue of $1.88 billion for the quarter, compared to $3.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.56 percent. For the current quarter, analysts expect WY to generate $2.02B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/16/2023. Investors who held shares on 06/02/2023 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 2.57% percent yield. There was an ex-dividend date of 06/01/2023 for this dividend. In terms of dividend payout ratio, WY is presently at 43.00%.
Weyerhaeuser Company(WY) 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. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2021, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY.
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