Analysts Set Weyerhaeuser Company (NYSE:WY) PT at $32.88

Weyerhaeuser Company (NYSE:WY) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $32.6250.

Several brokerages have weighed in on WY. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th. CIBC dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a report on Thursday, September 11th. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, JPMorgan Chase & Co. reduced their price objective 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.

Weyerhaeuser Price Performance

WY stock opened at $23.96 on Friday. The stock has a market cap of $17.28 billion, a PE ratio of 63.04, a P/E/G ratio of 210.53 and a beta of 1.05. The firm has a 50 day simple moving average of $25.27 and a two-hundred day simple moving average of $25.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser has a one year low of $23.72 and a one year high of $33.56.

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

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser’s dividend payout ratio is 221.05%.

Insiders Place Their Bets

In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares of the company’s stock, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently modified their holdings of the stock. GKV Capital Management Co. Inc. purchased a new stake in shares of Weyerhaeuser during the first quarter valued at $29,000. Hantz Financial Services Inc. boosted its holdings in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 521 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser in the first quarter worth about $31,000. Costello Asset Management INC acquired a new position in Weyerhaeuser in the 1st quarter worth approximately $32,000. Finally, Marshall Investment Management LLC purchased a new position in Weyerhaeuser during the first quarter valued at approximately $36,000. 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.