Senior Vice President of Weyerhaeuser Co (NYSE:WY), Keith O'Rear, has sold 8,349 shares of company stock, according to a recent SEC filing. The transaction, executed on March 28, 2024, amounted to a total of approximately $300,784, with individual share prices ranging from $36.00 to $36.13.
The sale was carried out under a prearranged Rule 10b5-1 trading plan, which was adopted by O'Rear on August 3, 2023. Rule 10b5-1 plans allow company insiders to establish predetermined trading arrangements for selling stocks at a time when they are not in possession of material non-public information.
The reported weighted average sale price for the shares was $36.0264. The SEC filing noted that O'Rear is willing to provide full information regarding the number of shares sold at each separate price upon request.
Following the sale, O'Rear's reported holdings in Weyerhaeuser include 170,664.6027 shares. This figure encompasses shares acquired since his last Form 4 filing, which were obtained through dividend reinvestment transactions exempt from Section 16 of the Securities Exchange Act of 1934.
The sale represents a significant transaction by a key executive at Weyerhaeuser, a company with a prominent role in the real estate investment trusts industry. Investors and analysts often monitor insider sales as they may provide insights into an executive's perspective on the company's current valuation or future prospects.
InvestingPro Insights
As Senior Vice President Keith O'Rear sells a portion of his Weyerhaeuser Co (NYSE:WY) holdings, investors may be curious about the company's financial health and market performance. According to InvestingPro data, Weyerhaeuser has a market capitalization of approximately $26.19 billion and is trading at a price-to-earnings (P/E) ratio of 31.26, which reflects a high earnings valuation. The adjusted P/E ratio for the last twelve months as of Q4 2023 stands slightly higher at 33.71.
Despite a challenging revenue growth environment, with a decline of 24.65% over the last twelve months as of Q4 2023, Weyerhaeuser remains a significant player in the Specialized REITs industry. This status is underlined by the company's impressive record of maintaining dividend payments for 54 consecutive years, a testament to its financial resilience and commitment to shareholder returns. The current dividend yield is 2.62%, with the last dividend ex-date recorded on March 7, 2024. Furthermore, the company's gross profit margin stands at 21.92%, which indicates some pressure on profitability.
InvestingPro Tips suggest that while Weyerhaeuser is trading at a high earnings multiple, it is also trading at a low revenue valuation multiple, hinting at potential undervaluation based on revenue. Additionally, the company operates with a moderate level of debt and has liquid assets that exceed short-term obligations, which may provide some financial flexibility. For investors seeking a deeper analysis, there are additional InvestingPro Tips available at InvestingPro, and by using the coupon code PRONEWS24, they can enjoy an extra 10% off a yearly or biyearly Pro and Pro+ subscription.
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