Weyerhaeuser (NYSE:WY) Given Average Rating of “Hold” by Analysts

Weyerhaeuser (NYSE:WY) has earned an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $36.33.

A number of brokerages have issued reports on WY. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Truist Financial boosted their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Argus upgraded Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th.

Insider Activity at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 80.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now directly owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 79.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by insiders.

Institutional Trading of Weyerhaeuser

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new stake in Weyerhaeuser during the third quarter worth approximately $25,000. Ridgewood Investments LLC acquired a new stake in shares of Weyerhaeuser in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 928 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser during the second quarter worth about $27,000. Finally, Bangor Savings Bank raised its position in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 651 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 1.1 %

Shares of NYSE:WY opened at $30.68 on Wednesday. The company has a 50 day moving average of $32.32 and a two-hundred day moving average of $30.79. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 41.45 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The firm’s revenue was down 13.3% compared to the same quarter last year. As a group, analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a dividend yield of 2.61%. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

About Weyerhaeuser

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.