Weyerhaeuser Company (NYSE:WY) Receives $28.88 Average Target Price from Brokerages

Shares of Weyerhaeuser Company (NYSE:WY) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $28.8750.

WY has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Monday, May 4th. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research report on Thursday, April 23rd. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial cut their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Finally, Citigroup cut their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $25.33 on Thursday. The stock has a market cap of $18.26 billion, a PE ratio of 46.90, a PEG ratio of 1.39 and a beta of 0.89. The company’s fifty day moving average is $24.22 and its 200 day moving average is $24.55. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.75. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.Weyerhaeuser’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. Research analysts anticipate that Weyerhaeuser will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.3%. Weyerhaeuser’s payout ratio is presently 155.56%.

Institutional Investors Weigh In On Weyerhaeuser

Several hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in shares of Weyerhaeuser by 317.4% in the first quarter. NewEdge Advisors LLC now owns 89,800 shares of the real estate investment trust’s stock worth $2,194,000 after buying an additional 68,285 shares in the last quarter. Essential Partners LLC lifted its holdings in shares of Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,208 shares in the last quarter. Kentucky Retirement Systems lifted its holdings in shares of Weyerhaeuser by 5.7% during the first quarter. Kentucky Retirement Systems now owns 48,113 shares of the real estate investment trust’s stock valued at $1,175,000 after purchasing an additional 2,610 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of Weyerhaeuser by 3.7% during the first quarter. Arkadios Wealth Advisors now owns 18,104 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 646 shares in the last quarter. Finally, IFS Group LLC bought a new position in shares of Weyerhaeuser during the first quarter valued at $456,000. 82.99% of the stock is owned by institutional investors.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.