Weyerhaeuser (NYSE:WY) Price Target Raised to $34.00 at Truist Financial

Weyerhaeuser (NYSE:WY) had its price objective hoisted by Truist Financial from $31.00 to $34.00 in a research report released on Tuesday, Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the company. BMO Capital Markets reaffirmed a market perform rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a buy rating for the company in a report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a hold rating in a research note on Friday, August 9th. Royal Bank of Canada upped their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an outperform rating in a research report on Monday, July 29th. Finally, Citigroup decreased their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $36.33.

Weyerhaeuser Trading Up 1.4 %

NYSE:WY opened at $33.05 on Tuesday. The company has a market cap of $24.09 billion, a P/E ratio of 30.05 and a beta of 1.40. Weyerhaeuser has a twelve month low of $26.73 and a twelve month high of $36.27. The business has a 50 day moving average price of $31.73 and a two-hundred day moving average price of $30.96. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. As a group, analysts expect that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.42%. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the transaction, the director now owns 17,672 shares of the company’s stock, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Albert Monaco purchased 31,500 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the transaction, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in Weyerhaeuser by 131.5% during the fourth quarter. Fisher Asset Management LLC now owns 24,002 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 13,632 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $264,000. Nomura Holdings Inc. bought a new position in Weyerhaeuser in the fourth quarter valued at approximately $4,505,000. CWM LLC lifted its stake in Weyerhaeuser by 9.3% during the first quarter. CWM LLC now owns 16,184 shares of the real estate investment trust’s stock worth $581,000 after purchasing an additional 1,380 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Weyerhaeuser by 9.4% during the first quarter. GAMMA Investing LLC now owns 10,410 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 894 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

About Weyerhaeuser

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.