Weyerhaeuser Company (NYSE:WY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Weyerhaeuser Company (NYSE:WY) has been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $29.00.

Several research firms recently issued reports on WY. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Citigroup lowered their target price on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Weyerhaeuser in a research report on Friday, July 17th. Truist Financial reaffirmed a “hold” rating and set a $28.00 target price (up from $27.00) on shares of Weyerhaeuser in a research report on Monday, August 3rd. Finally, Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 10th.

Weyerhaeuser Stock Up 0.2%

Shares of NYSE:WY opened at $24.81 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser has a 52-week low of $21.16 and a 52-week high of $27.75. The company has a 50 day moving average of $24.35 and a two-hundred day moving average of $24.53. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. As a group, analysts forecast that Weyerhaeuser will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, September 4th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s payout ratio is currently 129.23%.

Hedge Funds Weigh In On Weyerhaeuser

A number of institutional investors have recently made changes to their positions in the business. Essential Partners LLC grew its position in shares of Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,208 shares in the last quarter. Nvwm LLC raised its holdings in Weyerhaeuser by 174.7% in the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 800 shares in the last quarter. Versant Capital Management Inc boosted its stake in Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 617 shares during the last quarter. Compass Financial Management LLC bought a new position in Weyerhaeuser during the 2nd quarter valued at $35,000. Finally, Addison Advisors LLC grew its holdings in Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 757 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

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.