Weyerhaeuser’s (WY) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Weyerhaeuser (NYSE:WY) in a research report released on Monday,Benzinga reports. DA Davidson currently has a $31.00 price target on the real estate investment trust’s stock.

Other analysts have also recently issued research reports about the company. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 12th. Truist Financial boosted their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday. New Street Research set a $28.00 target price on shares of Weyerhaeuser in a report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Weyerhaeuser in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and an average target price of $28.63.

Weyerhaeuser Stock Up 0.1%

Shares of WY stock opened at $26.71 on Monday. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $31.66. The stock has a market cap of $19.25 billion, a P/E ratio of 60.71, a P/E/G ratio of 97.80 and a beta of 1.03. The company has a 50 day simple moving average of $24.39 and a two-hundred day simple moving average of $24.44.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 28th. Weyerhaeuser’s payout ratio is 190.91%.

Insiders Place Their Bets

In related news, Director Sara Grootwassink Lewis bought 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average cost of $23.61 per share, with a total value of $106,245.00. Following the completion of the purchase, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. The trade was a 20.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the completion of the sale, the chief executive officer owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NovaPoint Capital LLC increased its position in Weyerhaeuser by 2.7% in the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 385 shares during the period. Brighton Jones LLC grew its stake in shares of Weyerhaeuser by 4.2% in the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 409 shares during the last quarter. BOKF NA increased its position in Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 463 shares during the period. CoreCap Advisors LLC raised its stake in Weyerhaeuser by 27.6% during the 4th quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 487 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC raised its stake in Weyerhaeuser by 2.4% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 20,624 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 487 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.