Weyerhaeuser Company (NYSE:WY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Weyerhaeuser Company (NYSE:WY) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.10.

Several brokerages recently issued reports on WY. Royal Bank Of Canada reduced their price objective on Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Citigroup boosted their target price on shares of Weyerhaeuser from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $28.00 to $25.00 in a report on Wednesday, October 14th. Truist Financial reduced their price target on shares of Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. Finally, DA Davidson decreased their price target on shares of Weyerhaeuser from $31.00 to $27.00 and set a “buy” rating for the company in a report on Tuesday, October 27th.

Weyerhaeuser Stock Performance

NYSE:WY traded up $0.36 during trading hours on Friday, reaching $20.82. 5,700,278 shares of the stock were exchanged, compared to its average volume of 8,008,114. The stock has a market capitalization of $15.00 billion, a P/E ratio of 33.59, a P/E/G ratio of 4.18 and a beta of 0.92. The firm has a 50 day simple moving average of $20.31 and a 200-day simple moving average of $23.41. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. Weyerhaeuser has a 52 week low of $18.25 and a 52 week high of $27.75.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.92 billion. Weyerhaeuser had a return on equity of 1.72% and a net margin of 6.47%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 EPS. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, December 4th. This represents a $0.84 annualized dividend and a yield of 4.0%. Weyerhaeuser’s dividend payout ratio is 135.48%.

Hedge Funds Weigh In On Weyerhaeuser

A number of large investors have recently bought and sold shares of WY. Marshall Wace LLP bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth approximately $12,156,000. Steward Partners Investment Advisory LLC boosted its position in Weyerhaeuser by 2.8% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 151,186 shares of the real estate investment trust’s stock valued at $2,880,000 after purchasing an additional 4,123 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Weyerhaeuser by 7.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 716,109 shares of the real estate investment trust’s stock valued at $13,642,000 after purchasing an additional 48,378 shares during the period. Bleakley Financial Group LLC boosted its position in Weyerhaeuser by 15.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 181,648 shares of the real estate investment trust’s stock valued at $3,460,000 after purchasing an additional 24,759 shares during the period. Finally, Ingalls & Snyder LLC boosted its position in Weyerhaeuser by 19.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 15,269 shares of the real estate investment trust’s stock valued at $291,000 after purchasing an additional 2,438 shares during the period. Institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser is a timber, land and wood-products company founded in 1900 and headquartered in Seattle. It owns and manages timberlands in the United States and holds long-term forest-management licenses in Canada. The company grows and harvests timber and manufactures wood products, including lumber, engineered wood products, oriented strand board and plywood. These materials are used in residential construction, remodeling and other building applications. Weyerhaeuser also manages its timberlands for real estate, energy and other natural-resource opportunities.