Weyerhaeuser (NYSE:WY) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Weyerhaeuser (NYSE:WY) from a sell rating to a hold rating in a report issued on Monday.

Several other equities research analysts have also issued reports on WY. BMO Capital Markets upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research note on Friday, December 6th. Truist Financial raised their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.33.

Weyerhaeuser Trading Down 4.8 %

Shares of Weyerhaeuser stock opened at $27.96 on Monday. The firm has a market cap of $20.32 billion, a PE ratio of 37.78 and a beta of 1.40. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.01 and a quick ratio of 1.41. The stock has a fifty day moving average price of $31.48 and a 200-day moving average price of $30.84.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. Equities research analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.86%. Weyerhaeuser’s dividend payout ratio is 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds have recently bought and sold shares of the company. Oakworth Capital Inc. bought a new position in Weyerhaeuser in the 3rd quarter worth about $25,000. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser during the second quarter worth about $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser in the second quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the last quarter. Finally, Bangor Savings Bank raised its position in Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

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.