Weyerhaeuser (NYSE:WY) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a report published on Saturday morning.

WY has been the subject of several other reports. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research note on Monday, February 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Truist Financial raised their target price on shares of Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada lowered their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Weyerhaeuser presently has a consensus rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Trading Down 0.7%

Weyerhaeuser stock opened at $25.10 on Friday. The company has a market cap of $18.09 billion, a price-to-earnings ratio of 57.06 and a beta of 1.03. The firm has a 50-day moving average of $25.46 and a 200-day moving average of $24.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. Weyerhaeuser has a one year low of $21.16 and a one year high of $31.66.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.04. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.Weyerhaeuser’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. On average, equities analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s payout ratio is presently 190.91%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sara Grootwassink Lewis bought 4,500 shares of the stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 28,500 shares of company stock valued at $721,645 in the last three months. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Weyerhaeuser

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Weyerhaeuser by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 114,318,728 shares of the real estate investment trust’s stock worth $2,936,848,000 after buying an additional 542,912 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 4.4% in the fourth quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock worth $980,250,000 after acquiring an additional 1,731,315 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock valued at $891,242,000 after purchasing an additional 23,485,504 shares in the last quarter. State Street Corp increased its position in Weyerhaeuser by 1.7% during the 4th quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock worth $782,513,000 after purchasing an additional 562,781 shares in the last quarter. Finally, Norges Bank bought a new position in Weyerhaeuser in the 2nd quarter valued at approximately $600,502,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

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.