Royal Bank of Canada Lowers Weyerhaeuser (NYSE:WY) Price Target to $37.00

Weyerhaeuser (NYSE:WY) had its price objective cut by research analysts at Royal Bank of Canada from $38.00 to $37.00 in a report released on Monday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 22.68% from the company’s current price.

Several other equities research analysts have also recently commented on the company. StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Finally, Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.67.

Weyerhaeuser Stock Down 3.3 %

Shares of Weyerhaeuser stock opened at $30.16 on Monday. The company has a 50-day simple moving average of $33.84 and a two-hundred day simple moving average of $32.76. Weyerhaeuser has a 52-week low of $28.12 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.57 and a current ratio of 2.24. The stock has a market capitalization of $22.01 billion, a PE ratio of 27.42 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. On average, analysts anticipate that Weyerhaeuser will post 0.99 EPS for the current fiscal year.

Insider Activity at Weyerhaeuser

In other news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the sale, the chief financial officer now owns 60,655 shares of the company’s stock, valued at approximately $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO David M. Wold sold 924 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $32.84, for a total transaction of $30,344.16. Following the completion of the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at approximately $1,991,910.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,699 shares of company stock worth $1,455,609. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Weyerhaeuser

Several large investors have recently made changes to their positions in the business. SVB Wealth LLC grew its position in shares of Weyerhaeuser by 3.2% during the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 351 shares in the last quarter. Home Federal Bank of Tennessee grew its holdings in Weyerhaeuser by 1.0% during the 3rd quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock valued at $1,126,000 after buying an additional 355 shares in the last quarter. Xponance Inc. raised its position in shares of Weyerhaeuser by 0.4% during the third quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 380 shares during the last quarter. Montgomery Investment Management Inc. lifted its holdings in shares of Weyerhaeuser by 1.2% in the third quarter. Montgomery Investment Management Inc. now owns 30,905 shares of the real estate investment trust’s stock worth $948,000 after buying an additional 380 shares in the last quarter. Finally, WASHINGTON TRUST Co boosted its position in shares of Weyerhaeuser by 23.4% during the first quarter. WASHINGTON TRUST Co now owns 2,023 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 383 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.