Weyerhaeuser Company (NYSE:WY) Receives $32.88 Consensus Target Price from Brokerages

Shares of Weyerhaeuser Company (NYSE:WY) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.6250.

Several brokerages have issued reports on WY. DA Davidson restated a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a research note on Monday, September 29th. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Truist Financial lowered their target price on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday. CIBC lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research note on Thursday, September 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research report on Wednesday, October 8th.

Weyerhaeuser Stock Performance

Shares of WY opened at $23.96 on Friday. 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 capitalization of $17.28 billion, a price-to-earnings ratio of 63.04, a PEG ratio of 210.53 and a beta of 1.05. The stock has a 50 day moving average of $25.27 and a 200 day moving average of $25.80. Weyerhaeuser has a 12 month low of $23.72 and a 12 month high of $33.56.

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. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.21 earnings per share. Weyerhaeuser’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

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

Insider Activity

In related news, Director Sara Grootwassink Lewis purchased 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The stock was bought at an average cost 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 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 is accessible through this link. 0.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WY. GKV Capital Management Co. Inc. purchased a new position in Weyerhaeuser during the first quarter worth about $29,000. Hantz Financial Services Inc. increased its holdings in shares of Weyerhaeuser by 86.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 521 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Weyerhaeuser in the 1st quarter worth $31,000. Costello Asset Management INC bought a new position in shares of Weyerhaeuser in the 1st quarter worth $32,000. Finally, Marshall Investment Management LLC bought a new position in shares of Weyerhaeuser in the 1st quarter worth $36,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Company Profile

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.