Weyerhaeuser Company (NYSE:WY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Weyerhaeuser Company (NYSE:WY) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.8750.

WY has been the topic of several recent analyst reports. Truist Financial dropped their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. DA Davidson reiterated a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th.

Weyerhaeuser Stock Down 0.1%

WY stock opened at $24.53 on Friday. The company’s 50 day moving average price is $24.06 and its 200 day moving average price is $24.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $27.86. The firm has a market capitalization of $17.69 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 1.39 and a beta of 0.90.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Weyerhaeuser will post 0.32 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s dividend payout ratio is currently 155.56%.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds have recently added to or reduced their stakes in WY. NovaPoint Capital LLC boosted its holdings in shares of Weyerhaeuser by 2.7% in the fourth quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 385 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Weyerhaeuser by 21.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 428 shares during the period. Summit Financial LLC boosted its holdings in shares of Weyerhaeuser by 1.3% in the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 428 shares during the period. BOKF NA boosted its holdings in shares of Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 463 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Weyerhaeuser by 23.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 472 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.