StockNews.com Downgrades Weyerhaeuser (NYSE:WY) to Sell

StockNews.com cut shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

WY has been the subject of several other reports. Truist Financial reduced their price objective on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Citigroup reduced their price objective on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. Finally, CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.14.

Weyerhaeuser Trading Up 0.7 %

Shares of WY stock opened at $30.24 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 40.86 and a beta of 1.42. The stock has a 50 day simple moving average of $29.82 and a 200-day simple moving average of $30.73. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share 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 business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company posted $0.33 EPS. The business’s quarterly revenue was down 13.3% on a year-over-year basis. On average, equities research analysts expect that Weyerhaeuser will post 0.49 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds have recently modified their holdings of the business. Oakworth Capital Inc. purchased a new position in Weyerhaeuser during the 3rd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 valued at $32,000 after acquiring an additional 928 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Weyerhaeuser during the 2nd quarter valued at about $27,000. Bangor Savings Bank boosted its holdings in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 719 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.