Weyerhaeuser Company (WY) Receives Consensus Rating of “Hold” from Analysts
Weyerhaeuser Company (NYSE:WY) has received a consensus rating of “Hold” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $37.25.
A number of research firms have recently commented on WY. JMP Securities downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price objective for the company. in a report on Monday, August 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a report on Monday, September 4th. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. BidaskClub downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 22nd.
In other news, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $36.12, for a total transaction of $843,149.16. Following the sale, the insider now owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 296,623 shares of company stock valued at $10,452,392. 1.20% of the stock is owned by corporate insiders.
Shares of Weyerhaeuser (WY) traded up $0.01 during trading on Monday, reaching $35.44. 2,124,581 shares of the company’s stock were exchanged, compared to its average volume of 3,308,285. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71. Weyerhaeuser has a 12-month low of $29.81 and a 12-month high of $36.92. The company has a market cap of $26,740.00, a P/E ratio of 36.15, a PEG ratio of 6.04 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. analysts forecast that Weyerhaeuser will post 1.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.32 per share. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.61%. Weyerhaeuser’s payout ratio is currently 261.22%.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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