Weyerhaeuser Co. (WY) Given Average Rating of “Hold” by Analysts
Weyerhaeuser Co. (NYSE:WY) has earned an average recommendation of “Hold” from the eleven research firms that are covering the company. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $35.83.
A number of brokerages have issued reports on WY. BMO Capital Markets reaffirmed a “buy” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research note on Thursday, November 10th. Argus reissued a “buy” rating and set a $35.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, September 20th. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, November 1st. DA Davidson downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Monday, August 8th. Finally, Citigroup Inc. raised their price objective on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, August 8th.
In other news, SVP Denise M. Merle sold 15,049 shares of Weyerhaeuser stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $31.12, for a total value of $468,324.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in WY. Assetmark Inc. boosted its position in shares of Weyerhaeuser by 5.7% in the third quarter. Assetmark Inc. now owns 3,424 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 185 shares during the last quarter. Perkins Coie Trust Co boosted its position in shares of Weyerhaeuser by 2.7% in the second quarter. Perkins Coie Trust Co now owns 3,781 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 100 shares during the last quarter. Security National Trust Co. boosted its position in shares of Weyerhaeuser by 99.7% in the third quarter. Security National Trust Co. now owns 3,835 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,915 shares during the last quarter. Alexandria Capital LLC boosted its position in shares of Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,919 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares during the last quarter. Finally, Kistler Tiffany Companies LLC boosted its position in shares of Weyerhaeuser by 0.5% in the third quarter. Kistler Tiffany Companies LLC now owns 4,613 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.
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Shares of Weyerhaeuser (NYSE:WY) traded down 0.0958% during trading on Tuesday, reaching $31.1901. 2,113,618 shares of the company’s stock were exchanged. The company has a market capitalization of $23.33 billion, a P/E ratio of 40.5066 and a beta of 1.39. The stock has a 50-day moving average price of $30.53 and a 200 day moving average price of $30.93. Weyerhaeuser has a 12-month low of $22.06 and a 12-month high of $33.17.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 28th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Weyerhaeuser had a return on equity of 7.05% and a net margin of 7.88%. The business earned $1.66 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 26.1% on a year-over-year basis. Equities analysts expect that Weyerhaeuser will post $1.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, October 28th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Wednesday, October 26th. Weyerhaeuser’s payout ratio is presently 169.86%.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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