Brokerages Set Weyerhaeuser (NYSE:WY) Price Target at $38.00

Shares of Weyerhaeuser (NYSE:WY) have received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $38.00.

Several analysts have issued reports on WY shares. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Truist Financial reiterated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a report on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 target price on shares of Weyerhaeuser in a report on Monday, January 29th. BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th.

Insider Buying and Selling

In related news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Weyerhaeuser news, 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 sale, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the sale, 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. Over the last quarter, insiders have sold 42,699 shares of company stock worth $1,455,609. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently added to or reduced their stakes in the stock. Ascent Group LLC boosted its position in shares of Weyerhaeuser by 3.8% in the third quarter. Ascent Group LLC now owns 9,608 shares of the real estate investment trust’s stock valued at $297,000 after acquiring an additional 348 shares during the period. MMA Asset Management LLC boosted its position in shares of Weyerhaeuser by 4.9% in the second quarter. MMA Asset Management LLC now owns 7,521 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 349 shares during the period. SVB Wealth LLC boosted its position in shares of Weyerhaeuser by 3.2% in the fourth quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $395,000 after acquiring an additional 351 shares during the period. Home Federal Bank of Tennessee boosted its position in shares of Weyerhaeuser by 1.0% in the third 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 acquiring an additional 355 shares during the period. Finally, Foundations Investment Advisors LLC boosted its position in shares of Weyerhaeuser by 3.6% in the third quarter. Foundations Investment Advisors LLC now owns 10,472 shares of the real estate investment trust’s stock valued at $321,000 after acquiring an additional 365 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

NYSE WY opened at $32.69 on Tuesday. The stock’s 50-day moving average price is $34.22 and its two-hundred day moving average price is $32.66. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The company has a market cap of $23.85 billion, a PE ratio of 28.43 and a beta of 1.43. Weyerhaeuser has a 1 year low of $28.12 and a 1 year high of $36.27.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a return on equity of 7.36% and a net margin of 10.93%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. On average, analysts predict that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.45%. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is currently 69.57%.

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.