Brokerages Set Weyerhaeuser (NYSE:WY) Target Price at $35.83

Shares of Weyerhaeuser (NYSE:WY) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Five investment 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 issued a report on the stock in the last year is $35.83.

Several equities research analysts recently issued reports on WY shares. Royal Bank of Canada lifted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Truist Financial dropped their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Argus raised shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Citigroup dropped their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $38.00 target price on shares of Weyerhaeuser in a research report on Tuesday, July 30th.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $32.87 on Tuesday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a fifty day moving average of $31.55 and a 200-day moving average of $31.09. The firm has a market capitalization of $23.90 billion, a P/E ratio of 29.88 and a beta of 1.40. 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 (NYSE:WY) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.98 billion. Weyerhaeuser had a return on equity of 6.19% and a net margin of 9.89%. Weyerhaeuser’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. As a group, analysts predict that Weyerhaeuser will post 0.51 EPS for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 72.73%.

Insider Buying and Selling at Weyerhaeuser

In related news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction dated 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 purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction dated 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 purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Weyerhaeuser

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Nova Scotia raised its holdings in shares of Weyerhaeuser by 33.0% during the fourth quarter. Bank of Nova Scotia now owns 90,403 shares of the real estate investment trust’s stock valued at $3,143,000 after acquiring an additional 22,440 shares during the period. KBC Group NV raised its holdings in shares of Weyerhaeuser by 128.2% during the fourth quarter. KBC Group NV now owns 199,784 shares of the real estate investment trust’s stock valued at $6,947,000 after acquiring an additional 112,245 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $43,000. The Manufacturers Life Insurance Company increased its stake in Weyerhaeuser by 13.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,164,763 shares of the real estate investment trust’s stock valued at $40,499,000 after buying an additional 136,297 shares during the period. Finally, NEOS Investment Management LLC increased its stake in Weyerhaeuser by 38.1% in the 4th quarter. NEOS Investment Management LLC now owns 10,306 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 2,841 shares during the period. 82.99% of the stock is currently owned by institutional investors.

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.