Truist Financial Lowers Weyerhaeuser (NYSE:WY) Price Target to $27.00

Weyerhaeuser (NYSE:WY) had its price objective lowered by research analysts at Truist Financial from $28.00 to $27.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 10.46% from the stock’s previous close.

Several other equities analysts have also commented on the company. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Weiss Ratings downgraded Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a report on Friday, July 10th. Finally, Citigroup cut their target price on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Trading Up 2.2%

NYSE WY opened at $24.44 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.75. The stock has a market capitalization of $17.62 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 1.28 and a beta of 0.89. The firm has a 50 day moving average of $23.98 and a two-hundred day moving average of $24.62.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $0.11 EPS. As a group, research analysts expect that Weyerhaeuser will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Weyerhaeuser

Several large investors have recently bought and sold shares of the stock. Essential Partners LLC increased its position in shares of Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,208 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 617 shares during the period. FNY Investment Advisers LLC purchased a new position in Weyerhaeuser during the 4th quarter worth approximately $39,000. Addison Advisors LLC grew its stake in Weyerhaeuser by 83.4% during the 4th 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 last quarter. Finally, Bayban acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.