Weyerhaeuser Co. (NYSE:WY) Receives Consensus Recommendation of “Buy” from Analysts
Weyerhaeuser Co. (NYSE:WY) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the stock. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $35.60.
WY has been the topic of a number of research analyst reports. Argus reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Sunday, June 12th. Citigroup Inc. boosted their target price on Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. DA Davidson upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Dundee Securities downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating in a research report on Friday, August 12th.
Shares of Weyerhaeuser (NYSE:WY) traded up 0.57% during trading on Monday, reaching $30.08. 1,054,653 shares of the company’s stock were exchanged. Weyerhaeuser has a 12-month low of $22.06 and a 12-month high of $33.17. The stock has a 50-day moving average price of $31.88 and a 200 day moving average price of $30.83. The company has a market capitalization of $22.52 billion, a P/E ratio of 38.76 and a beta of 1.44.
Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, August 5th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.01. The company earned $1.41 billion during the quarter, compared to analyst estimates of $7.54 billion. Weyerhaeuser had a net margin of 7.24% and a return on equity of 8.35%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Equities analysts expect that Weyerhaeuser will post $1.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $1.24 annualized dividend and a dividend yield of 4.15%. Weyerhaeuser’s dividend payout ratio is currently 158.98%.
In related news, VP Rhonda D. Hunter sold 3,292 shares of the company’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $30.00, for a total value of $98,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeanne M. Hillman sold 59,686 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $32.58, for a total value of $1,944,569.88. Following the completion of the transaction, the vice president now owns 70,651 shares of the company’s stock, valued at $2,301,809.58. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Weyerhaeuser by 55.0% in the first quarter. State Street Corp now owns 33,117,766 shares of the real estate investment trust’s stock valued at $1,025,997,000 after buying an additional 11,754,704 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Weyerhaeuser by 48.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 20,424,048 shares of the real estate investment trust’s stock valued at $632,737,000 after buying an additional 6,697,773 shares during the last quarter. Capital World Investors raised its position in Weyerhaeuser by 37.0% in the second quarter. Capital World Investors now owns 22,619,766 shares of the real estate investment trust’s stock valued at $673,390,000 after buying an additional 6,112,230 shares during the last quarter. Norges Bank acquired a new position in Weyerhaeuser during the fourth quarter valued at approximately $133,093,000. Finally, 1832 Asset Management L.P. raised its position in Weyerhaeuser by 253.5% in the second quarter. 1832 Asset Management L.P. now owns 5,435,470 shares of the real estate investment trust’s stock valued at $162,871,000 after buying an additional 3,897,970 shares during the last quarter. Hedge funds and other institutional investors own 75.77% of the company’s stock.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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