Weiss Ratings Reaffirms Hold (C-) Rating for Weyerhaeuser (NYSE:WY)

Weyerhaeuser (NYSE:WY)‘s stock had its “hold (c-)” rating reiterated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research firms also recently weighed in on WY. Truist Financial decreased their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. 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 research note on Thursday, September 11th. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. DA Davidson reiterated a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a report on Monday, September 29th. Finally, Wall Street Zen cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.88.

Weyerhaeuser Trading Down 1.1%

WY opened at $24.44 on Wednesday. Weyerhaeuser has a 1-year low of $23.98 and a 1-year high of $33.56. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a market cap of $17.63 billion, a P/E ratio of 64.32, a price-to-earnings-growth ratio of 157.26 and a beta of 1.05. The company has a fifty day moving average price of $25.32 and a two-hundred day moving average price of $25.93.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. Analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Weyerhaeuser

Several hedge funds have recently added to or reduced their stakes in WY. Capital Investment Advisors LLC bought a new stake in Weyerhaeuser in the first quarter worth about $236,000. Farther Finance Advisors LLC raised its position in Weyerhaeuser by 232.0% in the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 6,622 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in Weyerhaeuser in the first quarter worth about $283,000. GAMMA Investing LLC raised its position in Weyerhaeuser by 23.3% in the first quarter. GAMMA Investing LLC now owns 15,682 shares of the real estate investment trust’s stock worth $459,000 after acquiring an additional 2,967 shares during the period. Finally, SG Americas Securities LLC raised its position in Weyerhaeuser by 89.6% in the first quarter. SG Americas Securities LLC now owns 41,257 shares of the real estate investment trust’s stock worth $1,208,000 after acquiring an additional 19,501 shares during the period. 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.