Truist Financial Has Lowered Expectations for Weyerhaeuser (NYSE:WY) Stock Price

Weyerhaeuser (NYSE:WY) had its price target lowered by analysts at Truist Financial from $28.00 to $27.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 13.21% from the company’s previous close.

WY has been the topic of a number of other reports. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. upped their price target on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Citigroup cut their price objective on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research note on Friday, July 10th. Finally, Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Stock Up 1.9%

Shares of Weyerhaeuser stock opened at $23.85 on Wednesday. The company has a market capitalization of $17.20 billion, a P/E ratio of 44.17, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.80. The business has a 50-day moving average of $23.96 and a two-hundred day moving average of $24.62. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $27.75.

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

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently added to or reduced their stakes in the business. NovaPoint Capital LLC increased its position in Weyerhaeuser by 2.7% in the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 385 shares during the period. Summit Financial LLC raised its stake in shares of Weyerhaeuser by 1.3% during the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 428 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Weyerhaeuser by 21.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 428 shares during the period. BOKF NA lifted its holdings in shares of Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 463 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Weyerhaeuser by 23.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 472 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Company Profile

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.