Weyerhaeuser (NYSE:WY) Given Consensus Rating of “Hold” by Brokerages

Shares of Weyerhaeuser (NYSE:WYGet Free Report) have been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.67.

Several research analysts have commented on WY shares. Royal Bank of Canada dropped their price objective on shares of Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Truist Financial reaffirmed a “hold” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Finally, CIBC set a $37.00 price target on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th.

Get Our Latest Research Report on Weyerhaeuser

Insider Activity

In other Weyerhaeuser news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the sale, the director now owns 5,790 shares in the company, valued at $170,226. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WY. Keynote Financial Services LLC purchased a new position in shares of Weyerhaeuser in the first quarter worth $577,000. DekaBank Deutsche Girozentrale lifted its position in Weyerhaeuser by 1.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 497,254 shares of the real estate investment trust’s stock worth $17,784,000 after acquiring an additional 6,629 shares during the period. Cetera Advisors LLC grew its stake in Weyerhaeuser by 83.9% during the 1st quarter. Cetera Advisors LLC now owns 21,698 shares of the real estate investment trust’s stock valued at $779,000 after purchasing an additional 9,896 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Weyerhaeuser by 115.1% in the first quarter. Cetera Investment Advisers now owns 68,988 shares of the real estate investment trust’s stock valued at $2,477,000 after purchasing an additional 36,914 shares during the period. Finally, PGGM Investments raised its stake in shares of Weyerhaeuser by 12.5% in the first quarter. PGGM Investments now owns 96,337 shares of the real estate investment trust’s stock worth $3,459,000 after purchasing an additional 10,722 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

NYSE WY opened at $28.22 on Friday. The stock has a market capitalization of $20.57 billion, a PE ratio of 25.65 and a beta of 1.43. Weyerhaeuser has a 1-year low of $27.86 and a 1-year high of $36.27. The business has a 50 day simple moving average of $30.20 and a two-hundred day simple moving average of $32.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57.

Weyerhaeuser (NYSE:WYGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a net margin of 10.57% and a return on equity of 7.00%. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. Weyerhaeuser’s quarterly revenue was down 4.5% on a year-over-year basis. On average, research analysts predict that Weyerhaeuser will post 1 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 72.73%.

Weyerhaeuser Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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