Weyerhaeuser Company (NYSE:WY) Given Consensus Recommendation of “Hold” by Brokerages

Weyerhaeuser Company (NYSE:WY) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $28.50.

A number of research analysts have issued reports on the company. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a research report on Monday, December 29th. New Street Research set a $28.00 price objective on Weyerhaeuser in a research note on Friday, December 12th. Citigroup upped their price objective on Weyerhaeuser from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $27.11 on Monday. The company has a market cap of $19.54 billion, a PE ratio of 60.25, a P/E/G ratio of 107.33 and a beta of 1.04. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $31.66. The firm has a 50-day simple moving average of $23.23 and a 200 day simple moving average of $24.38. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.13. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, November 28th. Weyerhaeuser’s payout ratio is presently 186.67%.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,500 shares of Weyerhaeuser stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its position 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 valued at $29,000 after purchasing an additional 521 shares during the period. Tradewinds Capital Management LLC lifted its stake in Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 959 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in shares of Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares during the period. Private Wealth Asset Management LLC increased its position in shares of Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 807 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $39,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.