Weyerhaeuser Company (NYSE:WY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Weyerhaeuser Company (NYSE:WY) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $32.8750.

Several analysts have issued reports on WY shares. CIBC dropped their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 17th. Truist Financial decreased their target price on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Monday, July 28th. DA Davidson reaffirmed a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday.

Weyerhaeuser Stock Performance

WY opened at $23.95 on Friday. Weyerhaeuser has a 52-week low of $23.92 and a 52-week high of $33.56. The firm has a market capitalization of $17.28 billion, a PE ratio of 63.03, a PEG ratio of 155.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The business’s 50-day simple moving average is $25.30 and its 200 day simple moving average is $25.89.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, sell-side analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio is presently 221.05%.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently added to or reduced their stakes in WY. Farther Finance Advisors LLC grew its position in Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock worth $276,000 after buying an additional 6,622 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in Weyerhaeuser during the first quarter worth approximately $283,000. GAMMA Investing LLC grew its position in Weyerhaeuser by 23.3% during the first quarter. GAMMA Investing LLC now owns 15,682 shares of the real estate investment trust’s stock worth $459,000 after buying an additional 2,967 shares in the last quarter. SG Americas Securities LLC grew its position in Weyerhaeuser by 89.6% during the first quarter. SG Americas Securities LLC now owns 41,257 shares of the real estate investment trust’s stock worth $1,208,000 after buying an additional 19,501 shares in the last quarter. Finally, CX Institutional acquired a new stake in Weyerhaeuser during the first quarter worth approximately $119,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

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.