Weyerhaeuser (NYSE:WY) Given Average Rating of “Hold” by Brokerages

Shares of Weyerhaeuser (NYSE:WY) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $36.33.

WY has been the subject of a number of recent research reports. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup dropped their target price 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. StockNews.com lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Truist Financial lifted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th.

Insiders Place Their Bets

In other news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This represents a 79.01 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fiduciary Trust Co raised its stake in shares of Weyerhaeuser by 0.6% in the third quarter. Fiduciary Trust Co now owns 53,185 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 331 shares during the last quarter. Wedmont Private Capital grew its holdings in Weyerhaeuser by 4.4% during the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 350 shares in the last quarter. Institute for Wealth Management LLC. raised its position in Weyerhaeuser by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock valued at $475,000 after buying an additional 366 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in Weyerhaeuser by 2.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,291 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 367 shares in the last quarter. Finally, CWM LLC boosted its holdings in Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after acquiring an additional 368 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $31.24 on Wednesday. The company has a market capitalization of $22.70 billion, a price-to-earnings ratio of 42.22 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $30.79.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. During the same quarter last year, the business earned $0.33 EPS. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.56%. Weyerhaeuser’s payout ratio is 108.11%.

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.