Weyerhaeuser (NYSE:WY) Receives $36.33 Average PT from Analysts

Weyerhaeuser (NYSE:WY) has earned a consensus rating of “Hold” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $36.33.

WY has been the subject of several analyst reports. Truist Financial raised their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Citigroup lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a report on Tuesday, July 30th. DA Davidson lowered their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, Royal Bank of Canada increased their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, July 29th.

Weyerhaeuser Stock Performance

WY opened at $31.18 on Friday. The company has a market capitalization of $22.65 billion, a price-to-earnings ratio of 42.14 and a beta of 1.40. The business’s 50-day moving average price is $32.14 and its two-hundred day moving average price is $30.79. 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.

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

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio is currently 108.11%.

Insiders Place Their Bets

In related news, Director James Calvin O’rourke purchased 7,800 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin O’rourke purchased 7,800 shares of the stock in a transaction dated Friday, September 13th. The shares were acquired 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 in the company, valued at $565,680.72. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in shares of Weyerhaeuser by 0.8% during the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 348 shares during the last quarter. Wedmont Private Capital grew its position in Weyerhaeuser by 4.4% during the 3rd quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock worth $273,000 after acquiring an additional 350 shares during the last quarter. Institute for Wealth Management LLC. increased its holdings in Weyerhaeuser by 2.2% in the 2nd quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC raised its position in Weyerhaeuser by 2.2% in the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock valued at $582,000 after purchasing an additional 368 shares during the last quarter. Finally, Trust Co. of Toledo NA OH boosted its stake in shares of Weyerhaeuser by 0.9% during the third quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after purchasing an additional 402 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

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.