Truist Financial Increases Weyerhaeuser (NYSE:WY) Price Target to $34.00

Weyerhaeuser (NYSE:WY) had its price target raised by Truist Financial from $31.00 to $34.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

WY has been the topic of several other research reports. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Royal Bank of Canada upped their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Citigroup dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, DA Davidson dropped their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Stock Up 0.8 %

Shares of NYSE WY opened at $33.06 on Tuesday. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The company has a market capitalization of $24.10 billion, a PE ratio of 30.05 and a beta of 1.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The firm’s 50-day moving average is $31.86 and its two-hundred day moving average is $30.97.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. Equities analysts anticipate that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Friday, August 30th. Weyerhaeuser’s payout ratio is currently 72.73%.

Insider Transactions at Weyerhaeuser

In other news, Director Albert Monaco bought 31,500 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its position in shares of Weyerhaeuser by 131.5% in the 4th quarter. Fisher Asset Management LLC now owns 24,002 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 13,632 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Weyerhaeuser in the 4th quarter worth about $264,000. Nomura Holdings Inc. bought a new position in shares of Weyerhaeuser in the 4th quarter worth about $4,505,000. CWM LLC lifted its position in shares of Weyerhaeuser by 9.3% in the 1st quarter. CWM LLC now owns 16,184 shares of the real estate investment trust’s stock worth $581,000 after buying an additional 1,380 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Weyerhaeuser by 9.4% in the 1st quarter. GAMMA Investing LLC now owns 10,410 shares of the real estate investment trust’s stock worth $374,000 after buying an additional 894 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.

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.