Truist Financial Issues Positive Forecast for Weyerhaeuser (NYSE:WY) Stock Price

Weyerhaeuser (NYSE:WY) had its target price increased by Truist Financial from $28.00 to $29.00 in a research report released on Monday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. lowered their price target on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Citigroup boosted their target price on shares of Weyerhaeuser from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Bank of America reiterated a “neutral” rating and issued a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Finally, New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research note on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $28.63.

Weyerhaeuser Stock Up 0.3%

WY opened at $25.87 on Monday. The stock has a market cap of $18.65 billion, a price-to-earnings ratio of 58.79, a price-to-earnings-growth ratio of 94.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. The firm’s fifty day moving average is $24.21 and its 200 day moving average is $24.42. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $31.66.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was down 9.8% on a year-over-year basis. On average, sell-side analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

Insider Transactions at Weyerhaeuser

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WY. Hantz Financial Services Inc. raised its holdings in shares of 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 buying an additional 521 shares during the period. Tradewinds Capital Management LLC grew its position in Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 959 shares during the last quarter. Cromwell Holdings LLC increased its stake in 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 purchasing an additional 501 shares during the period. Private Wealth Asset Management LLC lifted its position in shares of Weyerhaeuser by 135.2% during 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 purchasing an additional 807 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

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.