Brokerages Set Weyerhaeuser Company (NYSE:WY) PT at $28.88

Weyerhaeuser Company (NYSE:WY) has received an average rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $28.8750.

WY has been the topic of a number of analyst reports. Citigroup upped their price target on Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. DA Davidson reissued a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, February 2nd. New Street Research set a $28.00 target price on Weyerhaeuser in a research report on Friday, December 12th. Finally, Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $23.74 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $30.28. The firm has a market cap of $17.10 billion, a PE ratio of 53.94 and a beta of 1.03. The firm’s fifty day moving average is $25.61 and its 200-day moving average is $24.32.

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

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio (DPR) is 190.91%.

Insider Activity

In related news, Director Richard Beckwitt bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares in the company, valued at $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of Weyerhaeuser stock in a transaction on Wednesday, December 17th. The stock was bought at an average price of $23.61 per share, with a total value of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 28,500 shares of company stock worth $721,645 in the last quarter. 0.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH grew its stake in Weyerhaeuser by 27.5% in the third quarter. Allianz Asset Management GmbH now owns 1,881,226 shares of the real estate investment trust’s stock valued at $46,636,000 after acquiring an additional 405,575 shares during the period. Nordea Investment Management AB raised its position in shares of Weyerhaeuser by 2.0% during the third quarter. Nordea Investment Management AB now owns 2,322,728 shares of the real estate investment trust’s stock worth $57,278,000 after purchasing an additional 46,207 shares during the period. Citigroup Inc. raised its position in shares of Weyerhaeuser by 68.5% during the third quarter. Citigroup Inc. now owns 1,647,285 shares of the real estate investment trust’s stock worth $40,836,000 after purchasing an additional 669,451 shares during the period. Principal Financial Group Inc. grew its position in Weyerhaeuser by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 3,675,994 shares of the real estate investment trust’s stock valued at $91,128,000 after purchasing an additional 97,769 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Weyerhaeuser in the 3rd quarter valued at $1,154,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

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.