Weyerhaeuser Company (NYSE:WY) Receives $32.75 Consensus PT from Brokerages

Weyerhaeuser Company (NYSE:WY) has been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $32.8750.

A number of equities research analysts recently commented on the stock. Citigroup decreased their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, June 3rd. DA Davidson decreased their target price on shares of Weyerhaeuser from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, July 22nd. The Goldman Sachs Group cut shares of Weyerhaeuser from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, CIBC decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th.

Weyerhaeuser Trading Up 0.2%

NYSE:WY opened at $24.55 on Tuesday. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The firm has a 50 day moving average of $25.66 and a 200 day moving average of $26.47. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 64.59, a PEG ratio of 77.45 and a beta of 1.07.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. Weyerhaeuser’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 221.05%.

Insider Activity

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at approximately $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in shares of Weyerhaeuser by 38.6% in the second quarter. Geneos Wealth Management Inc. now owns 6,630 shares of the real estate investment trust’s stock worth $170,000 after acquiring an additional 1,846 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Weyerhaeuser in the second quarter worth $49,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Weyerhaeuser by 4.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 860,250 shares of the real estate investment trust’s stock worth $22,118,000 after acquiring an additional 40,493 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Weyerhaeuser in the second quarter worth $55,000. Finally, Corient Private Wealth LLC increased its stake in shares of Weyerhaeuser by 68.1% in the second quarter. Corient Private Wealth LLC now owns 350,738 shares of the real estate investment trust’s stock worth $9,009,000 after acquiring an additional 142,053 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

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.