Weyerhaeuser Company (NYSE:WY) Receives $28.75 Average Target Price from Analysts

Shares of Weyerhaeuser Company (NYSE:WY) have earned an average rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $28.50.

WY has been the topic of several analyst reports. DA Davidson reiterated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Monday. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Citigroup lowered their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday. Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research report on Thursday, April 23rd. Finally, Truist Financial lowered their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $25.35 per share, with a total value of $101,400.00. Following the completion of the transaction, the director directly owned 28,661 shares in the company, valued at $726,556.35. This represents a 16.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction on Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the transaction, the director owned 24,066 shares of the company’s stock, valued at approximately $618,496.20. The trade was a 491.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.31% of the stock is owned by insiders.

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors and hedge funds have recently made changes to their positions in WY. Goldman Sachs Group Inc. grew its position in shares of Weyerhaeuser by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock valued at $65,878,000 after purchasing an additional 346,571 shares during the last quarter. Empowered Funds LLC grew its position in shares of Weyerhaeuser by 3.4% in the first quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock valued at $1,348,000 after purchasing an additional 1,498 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Weyerhaeuser by 5.9% in the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock valued at $1,647,000 after purchasing an additional 3,124 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in shares of Weyerhaeuser in the second quarter valued at approximately $275,000. Finally, Bank of Nova Scotia grew its position in shares of Weyerhaeuser by 10.2% in the second quarter. Bank of Nova Scotia now owns 91,624 shares of the real estate investment trust’s stock valued at $2,354,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY opened at $23.72 on Wednesday. Weyerhaeuser has a 52-week low of $21.16 and a 52-week high of $27.86. The firm has a market capitalization of $17.10 billion, a PE ratio of 43.92, a PEG ratio of 2.58 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. The business’s 50-day simple moving average is $24.30 and its 200 day simple moving average is $24.20.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. Weyerhaeuser’s revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Weyerhaeuser will post 0.26 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s payout ratio is 155.56%.

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.