Weyerhaeuser (NYSE:WY) Given Average Recommendation of “Hold” by Brokerages

Shares of Weyerhaeuser (NYSE:WY) have earned an average recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $36.33.

Several research firms recently issued reports on WY. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Truist Financial upped their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. Finally, StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the purchase, the director now directly owns 17,672 shares of the company’s stock, valued at $565,680.72. This trade represents a 79.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Weyerhaeuser

Large investors have recently made changes to their positions in the stock. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser in the third quarter valued at about $25,000. Ridgewood Investments LLC purchased a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $26,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser in the 2nd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the last quarter. Finally, Park Place Capital Corp raised its position in shares of Weyerhaeuser by 440.5% during the 2nd quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,000 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

NYSE:WY opened at $31.91 on Wednesday. The firm’s fifty day moving average is $32.24 and its two-hundred day moving average is $30.80. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 43.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $0.33 earnings per share. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. Research analysts expect that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

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.