Weyerhaeuser (NYSE:WY) Announces Earnings Results

Weyerhaeuser (NYSE:WY) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05, FiscalAI reports. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.

Weyerhaeuser Price Performance

Shares of WY traded down $0.97 during midday trading on Thursday, hitting $23.48. 6,673,913 shares of the company traded hands, compared to its average volume of 5,907,896. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 43.49, a PEG ratio of 1.39 and a beta of 0.89. The firm has a 50 day moving average of $24.13 and a 200-day moving average of $24.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.75.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser’s dividend payout ratio is 155.56%.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new stake in Weyerhaeuser in the 4th quarter worth approximately $45,000. MUFG Securities EMEA plc bought a new position in shares of Weyerhaeuser during the 2nd quarter valued at approximately $55,000. Parkside Financial Bank & Trust boosted its position in shares of Weyerhaeuser by 21.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 428 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at $80,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Weyerhaeuser by 52.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,895 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,338 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Wall Street Analyst Weigh In

WY has been the subject of a number of recent analyst reports. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on Weyerhaeuser from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $30.00 price objective on shares of Weyerhaeuser in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

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.