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

Weyerhaeuser Company (NYSE:WY) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $28.50.

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Citigroup increased their price target on Weyerhaeuser from $26.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Truist Financial lifted their price objective on Weyerhaeuser from $27.00 to $28.00 and gave the stock a “hold” rating in a report on Tuesday, January 6th. Finally, DA Davidson cut their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd.

Weyerhaeuser Stock Down 0.5%

Shares of NYSE:WY opened at $26.67 on Monday. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 59.26, a price-to-earnings-growth ratio of 106.25 and a beta of 1.04. The company has a 50 day moving average of $23.67 and a two-hundred day moving average of $24.44. Weyerhaeuser has a 52-week low of $21.16 and a 52-week high of $31.66. The company has a quick ratio of 0.78, a current ratio of 1.23 and a debt-to-equity ratio of 0.52.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Weyerhaeuser had a net margin of 4.68% and a return on equity of 3.04%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Insider Activity

In related news, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the sale, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. The trade was a 8.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sara Grootwassink Lewis acquired 4,500 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the purchase, the director directly owned 25,978 shares of the company’s stock, valued at $613,340.58. This represents a 20.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors have recently made changes to their positions in WY. Hantz Financial Services Inc. boosted its holdings in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 521 shares during the period. Tradewinds Capital Management LLC raised its holdings in shares of Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC lifted its position in shares of Weyerhaeuser by 58.3% in the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares during the last quarter. Private Wealth Asset Management LLC boosted its holdings in shares of Weyerhaeuser by 135.2% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 807 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $39,000. 82.99% of the stock is currently owned by institutional investors.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.