Weyerhaeuser (NYSE:WY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Weyerhaeuser (NYSE:WY) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $36.33.

A number of brokerages have weighed in on WY. DA Davidson cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday. Finally, Truist Financial lifted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th.

Weyerhaeuser Stock Performance

WY stock opened at $31.73 on Friday. The stock has a market capitalization of $23.08 billion, a PE ratio of 42.88 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company has a 50 day moving average price of $32.12 and a 200 day moving average price of $30.80. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. Analysts forecast that Weyerhaeuser will post 0.45 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is 108.11%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Weyerhaeuser news, Director James Calvin O’rourke acquired 7,800 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Albert Monaco bought 31,500 shares of the stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently modified their holdings of the company. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser during the third quarter valued at approximately $25,000. Ridgewood Investments LLC bought a new position in shares of Weyerhaeuser during the second quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Weyerhaeuser in the 2nd quarter valued at about $27,000. Finally, Register Financial Advisors LLC bought a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $36,000. Institutional investors own 82.99% of the company’s stock.

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.