Weyerhaeuser Company (NYSE:WY) Stock Has Average Target Price of $28.67

Weyerhaeuser Company (NYSE:WY) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $28.67.

WY has been the subject of several recent research reports. Truist Financial reaffirmed a “hold” rating and set a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a report on Monday, August 3rd. Citigroup dropped their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Royal Bank Of Canada restated an “outperform” rating and set a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Friday, July 10th.

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors have recently added to or reduced their stakes in WY. Assenagon Asset Management S.A. lifted its holdings in Weyerhaeuser by 524.8% in the second quarter. Assenagon Asset Management S.A. now owns 176,165 shares of the real estate investment trust’s stock valued at $4,217,000 after acquiring an additional 147,971 shares during the period. Everett Harris & Co. CA increased its holdings in shares of Weyerhaeuser by 153.1% in the 4th quarter. Everett Harris & Co. CA now owns 71,112 shares of the real estate investment trust’s stock valued at $1,685,000 after purchasing an additional 43,020 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Weyerhaeuser by 23.0% in the second quarter. Hsbc Holdings PLC now owns 1,636,104 shares of the real estate investment trust’s stock valued at $39,100,000 after purchasing an additional 305,983 shares during the period. Markel Group Inc. lifted its stake in shares of Weyerhaeuser by 585.7% in the second quarter. Markel Group Inc. now owns 120,000 shares of the real estate investment trust’s stock valued at $2,873,000 after purchasing an additional 102,500 shares during the period. Finally, SFE Investment Counsel boosted its holdings in Weyerhaeuser by 32.2% during the first quarter. SFE Investment Counsel now owns 209,041 shares of the real estate investment trust’s stock worth $5,107,000 after buying an additional 50,880 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.6%

Weyerhaeuser stock opened at $20.01 on Friday. The stock has a 50 day moving average of $23.52 and a two-hundred day moving average of $23.88. Weyerhaeuser has a twelve month low of $19.91 and a twelve month high of $27.75. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 1.91 and a beta of 0.87. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. As a group, research analysts expect that Weyerhaeuser will post 0.33 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser’s dividend payout ratio is currently 129.23%.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is a timberland owner and forest products company. Founded in 1900, the company owns or manages millions of acres of timberlands in the United States and Canada and sustainably grows, harvests and replenishes trees for use in construction and other applications.

Weyerhaeuser’s products include lumber, oriented strand board, engineered wood products, structural panels and other building materials used in residential and commercial construction. The company also generates income from timber, logs, real estate and strategically managed natural-resource properties.

In addition to its forest products operations, Weyerhaeuser provides natural climate solutions, including carbon-storage opportunities associated with its timberlands.