Weyerhaeuser Co (NYSE:WY) Sees Large Increase in Short Interest

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Weyerhaeuser Co (NYSE:WY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 18,248,300 shares, a growth of 27.3% from the May 30th total of 14,332,800 shares. Based on an average daily trading volume, of 5,030,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.5% of the company’s stock are short sold.

Weyerhaeuser stock opened at $25.54 on Friday. The company has a 50-day simple moving average of $24.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.10 and a current ratio of 1.48. Weyerhaeuser has a one year low of $20.52 and a one year high of $36.67. The stock has a market capitalization of $19.22 billion, a PE ratio of 21.64, a PEG ratio of 8.33 and a beta of 1.72.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Weyerhaeuser had a return on equity of 7.69% and a net margin of 2.62%. The company had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business posted $0.36 earnings per share. The firm’s revenue was down 11.9% compared to the same quarter last year. Equities research analysts predict that Weyerhaeuser will post 0.62 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend was Thursday, June 6th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 115.25%.

In other news, insider Devin W. Stockfish bought 5,195 shares of the stock in a transaction on Thursday, June 6th. The stock was acquired at an average cost of $23.03 per share, for a total transaction of $119,640.85. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new stake in Weyerhaeuser in the first quarter valued at about $29,000. Zions Bancorporation N.A. purchased a new stake in Weyerhaeuser in the first quarter valued at about $29,000. Investors Research Corp purchased a new stake in Weyerhaeuser in the first quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in shares of Weyerhaeuser in the first quarter valued at about $32,000. Finally, Enterprise Financial Services Corp increased its holdings in shares of Weyerhaeuser by 121.8% in the first quarter. Enterprise Financial Services Corp now owns 1,324 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 727 shares during the period. Institutional investors own 76.32% of the company’s stock.

A number of equities research analysts recently weighed in on the company. Stephens upgraded Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research note on Friday, April 5th. Seaport Global Securities assumed coverage on Weyerhaeuser in a research note on Tuesday, April 2nd. They set a “buy” rating for the company. Finally, ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $33.10.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

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