Weyerhaeuser Company (NYSE:WY) Receives Average Rating of “Hold” from Analysts

Weyerhaeuser Company (NYSE:WY) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $28.6250.

A number of equities research analysts have weighed in on WY shares. New Street Research set a $28.00 price objective on Weyerhaeuser in a report on Friday, December 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Truist Financial upped their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th.

Insider Transactions at Weyerhaeuser

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WY. Allianz Asset Management GmbH lifted its holdings in shares of Weyerhaeuser by 27.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after acquiring an additional 405,575 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Weyerhaeuser by 2.0% during the 3rd quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock valued at $57,278,000 after buying an additional 46,207 shares during the period. Principal Financial Group Inc. lifted its position in Weyerhaeuser by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock worth $91,128,000 after acquiring an additional 97,769 shares in the last quarter. Federated Hermes Inc. lifted its position in Weyerhaeuser by 40.6% during the 3rd quarter. Federated Hermes Inc. now owns 2,904,893 shares of the real estate investment trust’s stock worth $72,012,000 after acquiring an additional 838,229 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Weyerhaeuser in the third quarter valued at approximately $3,406,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.1%

Shares of Weyerhaeuser stock opened at $27.08 on Friday. Weyerhaeuser has a one year low of $21.16 and a one year high of $31.66. The company has a market cap of $19.52 billion, a P/E ratio of 61.54 and a beta of 1.03. 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 has a fifty day moving average of $24.98 and a two-hundred day moving average of $24.50.

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

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.