Weyerhaeuser Company (NYSE:WY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Weyerhaeuser Company (NYSE:WY) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.00.

A number of research analysts have issued reports on WY shares. DA Davidson reissued a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, June 30th. Truist Financial reiterated a “hold” rating and set a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research report on Monday. Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 10th. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research note on Thursday, April 23rd.

Institutional Trading of Weyerhaeuser

A number of hedge funds and other institutional investors have recently made changes to their positions in WY. First Eagle Investment Management LLC lifted its stake in shares of Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after acquiring an additional 23,485,504 shares during the period. Norges Bank acquired a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $549,531,000. Bank of New York Mellon Corp bought a new stake in Weyerhaeuser during the second quarter worth approximately $468,969,000. Manning & Napier Advisors LLC acquired a new stake in Weyerhaeuser in the first quarter worth approximately $101,969,000. Finally, Freestone Grove Partners LP lifted its position in Weyerhaeuser by 124.5% in the third quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock worth $166,030,000 after purchasing an additional 3,713,932 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Performance

WY stock opened at $25.43 on Friday. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $27.75. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 1.40 and a beta of 0.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.82. The stock’s fifty day moving average is $24.27 and its two-hundred day moving average is $24.59.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The company’s quarterly revenue was down 8.3% on a year-over-year basis. On average, research analysts predict that Weyerhaeuser will post 0.31 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.84 annualized dividend and a yield of 3.3%. Weyerhaeuser’s dividend payout ratio is presently 129.23%.

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.