Weyerhaeuser (NYSE:WY) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a research note published on Saturday.

Other analysts have also issued research reports about the stock. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $30.00 price target on shares of Weyerhaeuser in a report on Friday, July 17th. Truist Financial reduced their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. increased their price objective on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Weyerhaeuser Stock Down 0.1%

Shares of NYSE WY opened at $23.91 on Friday. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.75. The business has a 50-day simple moving average of $24.07 and a two-hundred day simple moving average of $24.62. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a market cap of $17.24 billion, a P/E ratio of 44.27, a P/E/G ratio of 1.35 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Research analysts anticipate that Weyerhaeuser will post 0.3 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 155.56%.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 4.4% during the 4th quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock worth $980,250,000 after acquiring an additional 1,731,315 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 166.1% in the fourth quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after acquiring an additional 23,485,504 shares during the last quarter. State Street Corp increased its stake in Weyerhaeuser by 1.7% in the fourth quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock valued at $782,513,000 after acquiring an additional 562,781 shares during the last quarter. Norges Bank purchased a new stake in Weyerhaeuser during the fourth quarter valued at about $549,531,000. Finally, Geode Capital Management LLC raised its position in Weyerhaeuser by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock valued at $479,155,000 after purchasing an additional 225,227 shares in the last quarter. Hedge funds and other 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.