Weyerhaeuser (NYSE:WY) Stock Rating Lowered by Wall Street Zen

Weyerhaeuser (NYSE:WY) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other analysts have also commented on the company. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Monday, February 2nd. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Royal Bank Of Canada cut their price target on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Citigroup raised their price objective on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Bank of America reiterated a “neutral” rating and issued a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Six investment 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Trading Down 1.0%

Shares of Weyerhaeuser stock opened at $25.29 on Friday. The company has a market capitalization of $18.22 billion, a P/E ratio of 57.47 and a beta of 1.03. The stock has a fifty day simple moving average of $25.42 and a 200 day simple moving average of $24.53. Weyerhaeuser has a 12-month low of $21.16 and a 12-month high of $31.66. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

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

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Richard Beckwitt bought 20,000 shares of the stock in a transaction on Thursday, February 19th. The shares were acquired at an average price of $25.70 per share, with a total value 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction on 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 directly owned 1,024,861 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have purchased 28,500 shares of company stock valued at $721,645. 0.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WY. Goldman Sachs Group Inc. grew its position in Weyerhaeuser by 18.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,249,932 shares of the real estate investment trust’s stock worth $65,878,000 after buying an additional 346,571 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Weyerhaeuser by 3.4% during the 1st quarter. Empowered Funds LLC now owns 46,049 shares of the real estate investment trust’s stock valued at $1,348,000 after acquiring an additional 1,498 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Weyerhaeuser by 5.9% during the first quarter. Intech Investment Management LLC now owns 56,265 shares of the real estate investment trust’s stock worth $1,647,000 after purchasing an additional 3,124 shares in the last quarter. Ethic Inc. increased its position in shares of Weyerhaeuser by 7.8% in the second quarter. Ethic Inc. now owns 27,618 shares of the real estate investment trust’s stock worth $714,000 after purchasing an additional 2,009 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Weyerhaeuser by 37.5% in the second quarter. Bleakley Financial Group LLC now owns 55,037 shares of the real estate investment trust’s stock valued at $1,414,000 after purchasing an additional 15,008 shares in the last quarter. 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.