Weyerhaeuser Company (NYSE:WY) Receives Average Rating of “Hold” from Brokerages

Weyerhaeuser Company (NYSE:WY) has received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.8750.

WY has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Truist Financial lifted their target price on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Finally, Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 21st.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke bought 4,000 shares of Weyerhaeuser stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the acquisition, the director owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard Beckwitt bought 20,000 shares of Weyerhaeuser stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the acquisition, the director owned 24,066 shares in the company, valued at approximately $618,496.20. This represents a 491.88% increase in their position. The SEC filing for this purchase provides additional information. 0.27% of the stock is currently owned by company insiders.

Institutional Trading of Weyerhaeuser

Several large investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its holdings in shares of Weyerhaeuser by 6.9% in the fourth quarter. Hsbc Holdings PLC now owns 1,306,310 shares of the real estate investment trust’s stock worth $30,960,000 after acquiring an additional 84,201 shares during the period. World Investment Advisors bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $279,000. PEAK6 LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $583,000. Corient Private Wealth LLC grew its holdings in shares of Weyerhaeuser by 8.5% in the fourth quarter. Corient Private Wealth LLC now owns 184,003 shares of the real estate investment trust’s stock worth $4,378,000 after acquiring an additional 14,492 shares during the period. Finally, Flax Pond Capital LLC bought a new stake in shares of Weyerhaeuser in the fourth quarter worth $1,674,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Up 3.8%

WY stock opened at $24.93 on Friday. Weyerhaeuser has a twelve month low of $21.16 and a twelve month high of $27.86. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $17.98 billion, a PE ratio of 56.67 and a beta of 0.98. The business has a 50 day moving average of $24.88 and a 200 day moving average of $24.17.

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

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

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.