Weyerhaeuser (NYSE:WY) Price Target Cut to $33.00 by Analysts at Truist Financial

Weyerhaeuser (NYSE:WY) had its price objective trimmed by Truist Financial from $34.00 to $33.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. Finally, BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.57.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $27.68 on Monday. The stock’s 50-day moving average is $30.19 and its two-hundred day moving average is $30.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 37.41 and a beta of 1.42.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the business posted $0.33 EPS. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. Analysts predict that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.89%. Weyerhaeuser’s payout ratio is currently 108.11%.

Institutional Investors Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser in the 3rd quarter valued at $25,000. Itau Unibanco Holding S.A. acquired a new position in shares of Weyerhaeuser during the second quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the period. Bangor Savings Bank grew its stake in shares of Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 651 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the period. Hedge funds and other 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.