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

DA Davidson reissued their buy rating on shares of Weyerhaeuser (NYSE:WY) in a research note issued to investors on Monday morning,Benzinga reports. DA Davidson currently has a $35.00 price target on the real estate investment trust’s stock.

WY has been the subject of a number of other reports. Citigroup decreased their price target on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, June 3rd. CIBC decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Thursday, September 11th. Truist Financial decreased their price target on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Monday, July 28th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.88.

Weyerhaeuser Stock Up 1.2%

WY stock opened at $24.84 on Monday. 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 firm has a market capitalization of $17.92 billion, a PE ratio of 65.37, a P/E/G ratio of 106.02 and a beta of 1.07. The stock’s 50 day moving average is $25.49 and its 200-day moving average is $26.15. Weyerhaeuser has a twelve month low of $23.98 and a twelve month high of $34.01.

Weyerhaeuser (NYSE:WY) last issued its quarterly 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. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser’s revenue was down 2.8% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. Sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

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

Insider Transactions at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director directly owned 21,478 shares of the company’s stock, valued at $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds have recently made changes to their positions in the stock. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser during the first quarter valued at $29,000. Hantz Financial Services Inc. boosted its stake in Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 521 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Weyerhaeuser during the first quarter valued at $31,000. Costello Asset Management INC bought a new stake in Weyerhaeuser during the first quarter valued at $32,000. Finally, Marshall Investment Management LLC bought a new stake in Weyerhaeuser during the first quarter valued at $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.