Weyerhaeuser (NYSE:WY) Given Consensus Recommendation of “Hold” by Analysts

Weyerhaeuser (NYSE:WY) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $37.67.

WY has been the topic of several recent research reports. BMO Capital Markets raised their price target on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the company a “neutral” rating in a report on Wednesday, March 13th. Royal Bank of Canada cut their price target on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th.

Weyerhaeuser Trading Up 0.3 %

Shares of WY opened at $31.09 on Friday. The firm’s 50 day simple moving average is $33.73 and its 200 day simple moving average is $32.73. The company has a market capitalization of $22.67 billion, a P/E ratio of 28.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. Weyerhaeuser has a 1-year low of $28.12 and a 1-year high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period last year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.57%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s payout ratio is presently 72.73%.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the transaction, the director now owns 5,807 shares in the company, valued at $195,347.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC raised its position in shares of Weyerhaeuser by 5.3% in the 3rd quarter. SVB Wealth LLC now owns 10,998 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 551 shares during the last quarter. Xponance Inc. raised its position in shares of Weyerhaeuser by 0.4% in the 3rd quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $2,793,000 after purchasing an additional 380 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Weyerhaeuser by 11.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,278 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 1,035 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Weyerhaeuser in the 3rd quarter worth about $1,878,000. Finally, Silver Lake Advisory LLC raised its position in shares of Weyerhaeuser by 1.6% in the 3rd quarter. Silver Lake Advisory LLC now owns 100,550 shares of the real estate investment trust’s stock worth $3,083,000 after purchasing an additional 1,608 shares during the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

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.