Weyerhaeuser (NYSE:WY) Given Buy Rating at DA Davidson

DA Davidson reiterated their buy rating on shares of Weyerhaeuser (NYSE:WY) in a report issued on Tuesday morning,Benzinga reports. They currently have a $31.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on WY. Truist Financial lifted their price objective on shares of Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Wall Street Zen lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Weyerhaeuser has a consensus rating of “Hold” and an average price target of $28.88.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $24.44 on Tuesday. Weyerhaeuser has a 12-month low of $21.16 and a 12-month high of $29.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 55.55 and a beta of 1.03. The business has a 50 day simple moving average of $25.15 and a 200 day simple moving average of $24.18.

Weyerhaeuser (NYSE:WY) last announced 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. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Insider Activity

In related news, Director Richard Beckwitt bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the acquisition, the director directly owned 24,066 shares of the company’s stock, valued at $618,496.20. The trade was a 491.88% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Calvin O’rourke bought 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The shares were bought at an average cost of $25.35 per share, with a total value of $101,400.00. Following the completion of the acquisition, the director owned 28,661 shares of the company’s stock, valued at $726,556.35. The trade was a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently made changes to their positions in WY. Tradewinds Capital Management LLC grew its position in Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares in the last quarter. Cromwell Holdings LLC lifted 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 valued at $34,000 after purchasing an additional 501 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Weyerhaeuser in the fourth quarter worth $39,000. Addison Advisors LLC boosted its position in shares of Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares during the period. Finally, Operose Advisors LLC purchased a new position in shares of Weyerhaeuser during the second quarter valued at $41,000. Institutional investors and hedge funds 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.