Weyerhaeuser (NYSE:WY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Weyerhaeuser (NYSE:WY) from a sell rating to a hold rating in a research report report published on Sunday.

Several other analysts have also recently commented on the company. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 25th. Truist Financial decreased their price objective on Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, June 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Weyerhaeuser Price Performance

NYSE WY opened at $25.83 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $27.75. The company has a market cap of $18.62 billion, a PE ratio of 39.74, a PEG ratio of 1.41 and a beta of 0.89. The stock’s 50-day moving average price is $24.23 and its two-hundred day moving average price is $24.61.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s revenue was down 8.3% compared to the same quarter last year. On average, analysts predict that Weyerhaeuser will post 0.31 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 129.23%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WY. Essential Partners LLC boosted its holdings in Weyerhaeuser by 120,800.0% in the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,208 shares in the last quarter. Nvwm LLC boosted its stake in shares of Weyerhaeuser by 174.7% during the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 800 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 617 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser in the 4th quarter valued at approximately $39,000. Finally, Addison Advisors LLC lifted its holdings in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the last quarter. Institutional investors 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.