Weyerhaeuser’s (WY) Buy Rating Reaffirmed at DA Davidson

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

A number of other equities research analysts have also recently commented on WY. Truist Financial increased 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. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Saturday. CIBC reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.63.

Weyerhaeuser Stock Performance

NYSE WY opened at $25.87 on Monday. The business has a 50 day moving average price of $24.21 and a 200 day moving average price of $24.42. The company has a market capitalization of $18.65 billion, a P/E ratio of 58.79, a PEG ratio of 94.50 and a beta of 1.04. Weyerhaeuser has a 1-year low of $21.16 and a 1-year high of $31.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $0.11 earnings per share. Weyerhaeuser’s quarterly revenue was down 9.8% compared to the same quarter last year. Sell-side analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s payout ratio is presently 190.91%.

Insider Buying and Selling at Weyerhaeuser

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

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its position in Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 521 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of 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 valued at $30,000 after buying an additional 959 shares during the period. Cromwell Holdings LLC increased its holdings in shares of Weyerhaeuser by 58.3% during the 3rd 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 last quarter. Private Wealth Asset Management LLC increased its holdings in shares of Weyerhaeuser by 135.2% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Weyerhaeuser in the 4th quarter worth $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.