Weyerhaeuser (NYSE:WY) Receives $33.25 Consensus PT from Brokerages

Shares of Weyerhaeuser (NYSE:WY) have been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $33.25.

Several equities research analysts have recently issued reports on WY shares. CIBC lowered their price target on Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price for the company. Truist Financial lowered their target price on Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Citigroup cut their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group cut Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd.

Weyerhaeuser Trading Down 0.2%

Shares of WY stock opened at $27.31 on Friday. Weyerhaeuser has a 12 month low of $24.10 and a 12 month high of $34.03. The company has a market cap of $19.81 billion, a PE ratio of 49.66, a price-to-earnings-growth ratio of 4.74 and a beta of 1.16. The company has a quick ratio of 1.17, a current ratio of 1.79 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $25.96 and its two-hundred day moving average is $28.38.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Weyerhaeuser’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. Equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser declared that its board has approved a share repurchase program on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, May 30th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 168.00%.

Institutional Trading of Weyerhaeuser

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its stake in shares of Weyerhaeuser by 2.8% in the 4th quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock valued at $1,433,000 after purchasing an additional 1,373 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Weyerhaeuser by 36.7% during the 4th quarter. Jones Financial Companies Lllp now owns 11,482 shares of the real estate investment trust’s stock valued at $323,000 after purchasing an additional 3,084 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Weyerhaeuser by 16.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 307,125 shares of the real estate investment trust’s stock valued at $8,596,000 after purchasing an additional 42,630 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Weyerhaeuser in the fourth quarter valued at about $365,000. Finally, Principal Securities Inc. grew its stake in Weyerhaeuser by 12.2% during the fourth quarter. Principal Securities Inc. now owns 7,151 shares of the real estate investment trust’s stock worth $201,000 after buying an additional 779 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

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.