Investors Purchase Large Volume of Put Options on Weyerhaeuser (WY)
Weyerhaeuser Co (NYSE:WY) was the recipient of unusually large options trading on Thursday. Traders acquired 3,580 put options on the stock. This represents an increase of 837% compared to the typical volume of 382 put options.
Shares of WY stock traded down $0.42 during trading hours on Friday, reaching $28.08. 5,484,356 shares of the company’s stock were exchanged, compared to its average volume of 4,087,544. Weyerhaeuser has a fifty-two week low of $27.92 and a fifty-two week high of $38.39. The firm has a market cap of $24.45 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 4.10 and a beta of 1.38. The company has a quick ratio of 1.77, a current ratio of 2.18 and a debt-to-equity ratio of 0.67.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts predict that Weyerhaeuser will post 1.57 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of WY. Private Capital Group LLC raised its stake in shares of Weyerhaeuser by 3,578.5% in the first quarter. Private Capital Group LLC now owns 2,906 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 2,827 shares in the last quarter. Interactive Financial Advisors raised its stake in shares of Weyerhaeuser by 145.1% in the second quarter. Interactive Financial Advisors now owns 2,895 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 1,714 shares in the last quarter. Summit Trail Advisors LLC raised its stake in shares of Weyerhaeuser by 3,813.4% in the first quarter. Summit Trail Advisors LLC now owns 108,400 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 105,630 shares in the last quarter. Optimum Investment Advisors acquired a new position in shares of Weyerhaeuser in the first quarter valued at $112,000. Finally, Quad Cities Investment Group LLC acquired a new position in shares of Weyerhaeuser in the second quarter valued at $136,000. Institutional investors and hedge funds own 76.29% of the company’s stock.
Several research firms recently weighed in on WY. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Friday, August 3rd. DA Davidson reiterated a “neutral” rating on shares of Weyerhaeuser in a report on Friday, July 27th. Finally, ValuEngine lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $38.25.
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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