Weyerhaeuser (NYSE:WY) Given Consensus Rating of “Hold” by Analysts

Shares of Weyerhaeuser (NYSE:WY) have earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $35.83.

Several research firms recently weighed in on WY. Argus raised Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. Citigroup reduced their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Truist Financial dropped their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a report on Monday, July 29th. DA Davidson reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th.

Insider Activity at Weyerhaeuser

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now owns 5,790 shares of the company’s stock, valued at approximately $170,226. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Weyerhaeuser in the 4th quarter valued at $753,497,000. Wellington Management Group LLP grew its holdings in shares of Weyerhaeuser by 53.2% during the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after buying an additional 10,271,891 shares during the last quarter. Swedbank AB bought a new stake in shares of Weyerhaeuser during the first quarter worth about $106,141,000. Price T Rowe Associates Inc. MD increased its position in shares of Weyerhaeuser by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock worth $1,840,807,000 after acquiring an additional 2,874,101 shares in the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of Weyerhaeuser in the 1st quarter worth about $81,507,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.6 %

Shares of NYSE WY opened at $29.91 on Monday. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 27.19 and a beta of 1.39. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The stock has a 50-day moving average price of $29.54 and a two-hundred day moving average price of $31.58.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company earned $0.32 earnings per share. Weyerhaeuser’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser will post 0.59 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, August 30th. Weyerhaeuser’s dividend payout ratio is 72.73%.

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.