Weyerhaeuser (NYSE:WY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Weyerhaeuser (NYSE:WY) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.67.

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

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $30.73 on Friday. The firm has a market capitalization of $22.40 billion, a P/E ratio of 27.94 and a beta of 1.47. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $33.61 and its two-hundred day moving average is $32.80.

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

Insider Buying and Selling

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total value of $1,124,450.64. Following the completion of the sale, the director now directly owns 5,807 shares of the company’s stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WY. Norges Bank purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at $753,497,000. Wellington Management Group LLP increased its position in Weyerhaeuser by 53.2% during the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock worth $1,028,191,000 after purchasing an additional 10,271,891 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in Weyerhaeuser during the 1st quarter worth about $81,507,000. Jupiter Asset Management Ltd. increased its position in Weyerhaeuser by 376.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock worth $63,418,000 after purchasing an additional 1,634,125 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Weyerhaeuser by 145.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,491,743 shares of the real estate investment trust’s stock worth $89,479,000 after purchasing an additional 1,474,806 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

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.