Weyerhaeuser (NYSE:WY) Receives $35.83 Average Target Price from Analysts

Shares of Weyerhaeuser (NYSE:WY) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $35.83.

Several research analysts recently weighed in on WY shares. DA Davidson lowered their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Citigroup cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Truist Financial decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research report on Monday, July 29th. Finally, Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th.

Insider Buying and Selling

In other news, Director Albert Monaco purchased 31,500 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Institutional Trading of Weyerhaeuser

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in Weyerhaeuser by 5.3% during the fourth quarter. Van ECK Associates Corp now owns 46,959 shares of the real estate investment trust’s stock worth $1,633,000 after purchasing an additional 2,383 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Weyerhaeuser by 132.8% during the 4th quarter. Fisher Asset Management LLC now owns 24,142 shares of the real estate investment trust’s stock worth $839,000 after buying an additional 13,772 shares during the last quarter. Natixis Advisors L.P. lifted its position in shares of Weyerhaeuser by 0.3% during the 4th quarter. Natixis Advisors L.P. now owns 206,599 shares of the real estate investment trust’s stock worth $7,183,000 after buying an additional 645 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at $290,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Weyerhaeuser by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock valued at $278,550,000 after buying an additional 198,789 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Up 2.0 %

NYSE WY opened at $30.89 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The business’s fifty day simple moving average is $30.16 and its 200-day simple moving average is $31.27. The firm has a market cap of $22.47 billion, a PE ratio of 28.08 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, equities analysts anticipate that Weyerhaeuser will post 0.52 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.59%. Weyerhaeuser’s payout ratio is 72.73%.

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.