Weyerhaeuser Company (NYSE:WY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Weyerhaeuser Company (NYSE:WY) have been given an average rating of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $29.00.

A number of brokerages have recently weighed in on WY. Truist Financial restated a “hold” rating and issued a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. DA Davidson reissued a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Friday, July 10th.

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently bought and sold shares of WY. Corient Private Wealth LP increased its position in Weyerhaeuser by 24.6% during the second quarter. Corient Private Wealth LP now owns 148,671 shares of the real estate investment trust’s stock worth $3,559,000 after buying an additional 29,396 shares in the last quarter. Amundi lifted its position in shares of Weyerhaeuser by 25.9% in the second quarter. Amundi now owns 3,406,041 shares of the real estate investment trust’s stock valued at $81,541,000 after acquiring an additional 700,603 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Weyerhaeuser by 4.3% in the second quarter. HighTower Advisors LLC now owns 302,429 shares of the real estate investment trust’s stock valued at $7,240,000 after acquiring an additional 12,376 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Weyerhaeuser by 10.6% during the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock valued at $1,225,232,000 after acquiring an additional 4,885,818 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in Weyerhaeuser by 2,980.6% during the 2nd quarter. California State Teachers Retirement System now owns 25,524,804 shares of the real estate investment trust’s stock worth $611,064,000 after purchasing an additional 24,696,247 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

WY opened at $23.41 on Tuesday. The stock has a market cap of $16.87 billion, a P/E ratio of 36.02, a P/E/G ratio of 1.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $24.27 and its 200 day simple moving average is $24.33. Weyerhaeuser has a 1-year low of $21.16 and a 1-year high of $27.75.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.Weyerhaeuser’s quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. As a group, equities analysts anticipate that Weyerhaeuser will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, September 4th. Weyerhaeuser’s dividend payout ratio (DPR) is 129.23%.

Weyerhaeuser Company Profile

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.