Weyerhaeuser’s (WY) “Neutral” Rating Reaffirmed at Bank of America

Weyerhaeuser (NYSE:WY)‘s stock had its “neutral” rating reaffirmed by equities researchers at Bank of America in a research note issued on Monday, MarketBeat Ratings reports. They presently have a $26.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $29.00. Bank of America‘s price objective points to a potential upside of 18.97% from the company’s current price.

WY has been the subject of a number of other reports. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Truist Financial dropped their price objective on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.78.

Weyerhaeuser Price Performance

WY stock traded down $0.28 during trading on Monday, hitting $21.85. The company had a trading volume of 2,175,972 shares, compared to its average volume of 4,323,747. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average price of $23.99 and a two-hundred day moving average price of $25.30. Weyerhaeuser has a fifty-two week low of $21.75 and a fifty-two week high of $32.70. The company has a market cap of $15.75 billion, a P/E ratio of 57.57, a P/E/G ratio of 244.04 and a beta of 1.04.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $0.05 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after acquiring an additional 409 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Weyerhaeuser by 1.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 445 shares during the period. Unison Advisors LLC lifted its holdings in shares of Weyerhaeuser by 0.7% in the first quarter. Unison Advisors LLC now owns 69,309 shares of the real estate investment trust’s stock valued at $2,029,000 after purchasing an additional 455 shares in the last quarter. BOKF NA boosted its position in shares of Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 463 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Weyerhaeuser by 23.6% during the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock worth $64,000 after buying an additional 488 shares in the last quarter. Institutional investors and hedge funds 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.