StockNews.com Downgrades Weyerhaeuser (NYSE:WY) to Sell

StockNews.com cut shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a research report report published on Monday.

WY has been the topic of several other reports. BMO Capital Markets restated a “market perform” rating and set a $38.00 target price on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Truist Financial boosted their price target on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. DA Davidson decreased their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, Citigroup cut their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $36.33.

Weyerhaeuser Stock Performance

WY stock opened at $31.16 on Monday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 42.11 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. The firm has a 50-day simple moving average of $32.14 and a two-hundred day simple moving average of $30.80.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser will post 0.45 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s payout ratio is 108.11%.

Insider Activity

In related news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were bought at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Albert Monaco acquired 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the transaction, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Calvin O’rourke bought 7,800 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Several hedge funds have recently modified their holdings of WY. Larson Financial Group LLC grew its stake in Weyerhaeuser by 0.8% in the 1st quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after acquiring an additional 348 shares during the period. Wedmont Private Capital grew its position in shares of Weyerhaeuser by 4.4% in the third quarter. Wedmont Private Capital now owns 8,304 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 350 shares during the period. Institute for Wealth Management LLC. increased its stake in shares of Weyerhaeuser by 2.2% during the second quarter. Institute for Wealth Management LLC. now owns 16,731 shares of the real estate investment trust’s stock worth $475,000 after purchasing an additional 366 shares in the last quarter. CWM LLC raised its position in shares of Weyerhaeuser by 2.2% during the 3rd quarter. CWM LLC now owns 17,185 shares of the real estate investment trust’s stock worth $582,000 after purchasing an additional 368 shares during the last quarter. Finally, Trust Co. of Toledo NA OH lifted its stake in Weyerhaeuser by 0.9% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 43,019 shares of the real estate investment trust’s stock valued at $1,457,000 after buying an additional 402 shares in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.