Weyerhaeuser Company (NYSE:WY) Receives $28.88 Consensus Price Target from Analysts

Shares of Weyerhaeuser Company (NYSE:WY) have received a consensus rating of “Hold” from the eleven analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $28.8750.

A number of research firms recently issued reports on WY. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a report on Tuesday, March 31st. UBS Group reaffirmed a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Truist Financial lifted their price target on Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Finally, Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $24.20 on Friday. The stock has a 50-day simple moving average of $24.95 and a 200 day simple moving average of $24.16. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. Weyerhaeuser has a 12-month low of $21.16 and a 12-month high of $27.86. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 54.99 and a beta of 0.98.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share 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 given a dividend of $0.21 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Insider Activity at Weyerhaeuser

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

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently modified their holdings of the business. Tradewinds Capital Management LLC grew its position in shares of Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 959 shares during the period. Cromwell Holdings LLC grew its position in shares of Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 501 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth approximately $39,000. Addison Advisors LLC grew its position in shares of 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 buying an additional 757 shares during the period. Finally, Operose Advisors LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.