Weyerhaeuser (NYSE:WY) Receives $36.00 Consensus PT from Brokerages

Weyerhaeuser (NYSE:WY) has received a consensus recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.00.

A number of brokerages have recently commented on WY. Royal Bank of Canada cut their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Truist Financial cut their price target on shares of Weyerhaeuser from $36.00 to $32.00 and set a “hold” rating on the stock in a research report on Tuesday, July 16th.

Weyerhaeuser Stock Performance

WY opened at $29.87 on Thursday. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 27.15 and a beta of 1.39. The business’s 50-day moving average price is $29.25 and its two-hundred day moving average price is $31.87. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. Equities analysts expect that Weyerhaeuser will post 0.79 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Insider Transactions at Weyerhaeuser

In related news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $29.40, for a total value of $169,814.40. Following the completion of the sale, the director now directly owns 5,790 shares in the company, valued at approximately $170,226. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently added to or reduced their stakes in the business. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser in the fourth quarter valued at about $26,000. American National Bank raised its holdings in Weyerhaeuser by 171.5% in the 1st quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the period. Lindbrook Capital LLC lifted its position in Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 427 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Weyerhaeuser during the first quarter worth approximately $33,000. Finally, Register Financial Advisors LLC acquired a new position in shares of Weyerhaeuser in the first quarter valued at approximately $36,000. Institutional investors own 82.99% of the company’s stock.

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.