Weyerhaeuser’s (WY) “Buy” Rating Reiterated at DA Davidson

Weyerhaeuser (NYSE:WY)‘s stock had its “buy” rating reissued by DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $31.00 price target on the real estate investment trust’s stock. DA Davidson’s target price points to a potential upside of 30.00% from the stock’s previous close.

Several other brokerages have also weighed in on WY. Citigroup cut their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial reduced their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Stock Down 3.1%

NYSE WY traded down $0.77 on Tuesday, reaching $23.85. The stock had a trading volume of 1,791,843 shares, compared to its average volume of 6,056,205. The business has a 50 day moving average price of $24.27 and a 200 day moving average price of $24.62. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $27.75. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 44.18, a P/E/G ratio of 1.44 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. On average, analysts forecast that Weyerhaeuser will post 0.32 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Essential Partners LLC grew its stake in shares of Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,208 shares during the period. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser during the 4th quarter worth approximately $39,000. Addison Advisors LLC boosted its stake in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares in the last quarter. Bayban acquired a new stake in Weyerhaeuser in the 4th quarter valued at $41,000. Finally, Costello Asset Management INC boosted its stake in Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 976 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.