Weyerhaeuser (NYSE:WY) Given Average Recommendation of “Hold” by Analysts

Shares of Weyerhaeuser (NYSE:WY – Get Rating) have been assigned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $37.50.

A number of research analysts have issued reports on WY shares. Raymond James decreased their target price on shares of Weyerhaeuser from $39.00 to $38.00 and set a “strong-buy” rating on the stock in a research report on Thursday, November 3rd. StockNews.com started coverage on shares of Weyerhaeuser in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. DA Davidson decreased their target price on shares of Weyerhaeuser from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 19th. Finally, Bank of America lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $38.00 to $34.00 in a research report on Tuesday, September 20th.

Weyerhaeuser Stock Down 1.0 %

Weyerhaeuser stock opened at $31.82 on Friday. The stock has a market cap of $23.42 billion, a P/E ratio of 10.40 and a beta of 1.46. The company has a quick ratio of 2.38, a current ratio of 2.89 and a debt-to-equity ratio of 0.46. Weyerhaeuser has a twelve month low of $27.36 and a twelve month high of $43.04. The company’s 50-day moving average price is $31.67 and its two-hundred day moving average price is $32.46.

Weyerhaeuser (NYSE:WY – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Weyerhaeuser had a net margin of 21.62% and a return on equity of 22.91%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. As a group, analysts expect that Weyerhaeuser will post 2.95 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, December 2nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 2.26%. Weyerhaeuser’s dividend payout ratio is 23.53%.

Institutional Trading of Weyerhaeuser

Several large investors have recently made changes to their positions in WY. First Trust Advisors LP lifted its stake in Weyerhaeuser by 942.2% in the 3rd quarter. First Trust Advisors LP now owns 5,097,910 shares of the real estate investment trust’s stock valued at $145,596,000 after purchasing an additional 4,608,773 shares during the last quarter. Pictet Asset Management SA lifted its stake in Weyerhaeuser by 82.3% in the 3rd quarter. Pictet Asset Management SA now owns 10,140,377 shares of the real estate investment trust’s stock valued at $289,461,000 after purchasing an additional 4,576,865 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Weyerhaeuser by 10.9% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,975,270 shares of the real estate investment trust’s stock valued at $1,141,696,000 after purchasing an additional 3,916,466 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Weyerhaeuser by 37.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,783,883 shares of the real estate investment trust’s stock valued at $257,802,000 after purchasing an additional 2,112,684 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Weyerhaeuser in the 2nd quarter valued at approximately $57,920,000. Institutional investors and hedge funds own 80.86% of the company’s stock.

About Weyerhaeuser

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Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.