Weyerhaeuser Company (NYSE:WY) Receives Average Rating of “Moderate Buy” from Analysts

Weyerhaeuser Company (NYSE:WY) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.6250.

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. CIBC dropped their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. Truist Financial reduced their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday. DA Davidson reiterated a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th.

Weyerhaeuser Trading Down 0.6%

WY opened at $23.75 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser has a fifty-two week low of $23.54 and a fifty-two week high of $33.56. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 62.50, a PEG ratio of 231.29 and a beta of 1.05. The company’s 50 day moving average price is $25.20 and its two-hundred day moving average price is $25.78.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue was down 2.8% on a year-over-year basis. As a group, research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio (DPR) is 221.05%.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the acquisition, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in Weyerhaeuser by 232.0% in the 1st quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 6,622 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Weyerhaeuser in the first quarter valued at approximately $283,000. GAMMA Investing LLC lifted its holdings in shares of Weyerhaeuser by 23.3% in the first quarter. GAMMA Investing LLC now owns 15,682 shares of the real estate investment trust’s stock valued at $459,000 after purchasing an additional 2,967 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Weyerhaeuser by 89.6% during the first quarter. SG Americas Securities LLC now owns 41,257 shares of the real estate investment trust’s stock valued at $1,208,000 after buying an additional 19,501 shares during the last quarter. Finally, CX Institutional bought a new stake in Weyerhaeuser during the first quarter worth $119,000. 82.99% of the stock is owned by 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.