Brokerages Set Weyerhaeuser Company (NYSE:WY) PT at $28.88

Weyerhaeuser Company (NYSE:WY) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.8750.

WY has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a report on Monday, February 2nd. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Bank of America reiterated a “neutral” rating and set a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. JPMorgan Chase & Co. lowered their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Finally, Weiss Ratings raised shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th.

Insider Activity at Weyerhaeuser

In other news, Director James Calvin O’rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction on Friday, February 20th. The shares were purchased at an average price of $25.35 per share, with a total value of $101,400.00. Following the acquisition, the director owned 28,661 shares in the company, valued at $726,556.35. This represents a 16.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Beckwitt acquired 20,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was purchased at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 28,500 shares of company stock worth $721,645. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds have recently added to or reduced their stakes in WY. Tradewinds Capital Management LLC lifted 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 valued at $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC grew its position 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 period. FNY Investment Advisers LLC bought a new stake in shares of Weyerhaeuser during the fourth quarter worth approximately $39,000. Addison Advisors LLC lifted its holdings in Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the period. Finally, Operose Advisors LLC acquired a new position in Weyerhaeuser in the second quarter valued at approximately $41,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE:WY opened at $23.03 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $16.59 billion, a PE ratio of 52.33 and a beta of 1.03. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $30.28. The company’s 50-day moving average price is $25.63 and its two-hundred day moving average price is $24.38.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.

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.