Weyerhaeuser (NYSE:WY) Given Buy Rating at DA Davidson

Weyerhaeuser (NYSE:WY)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a report issued on Tuesday,Benzinga reports. They currently have a $31.00 target price on the real estate investment trust’s stock. DA Davidson’s price objective indicates a potential upside of 26.50% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Citigroup boosted their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. New Street Research set a $28.00 price target on shares of Weyerhaeuser in a research note on Friday, December 12th. Finally, UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Price Performance

NYSE WY traded up $0.23 on Tuesday, hitting $24.51. The stock had a trading volume of 862,958 shares, compared to its average volume of 6,847,043. The firm has a 50-day moving average of $25.20 and a 200-day moving average of $24.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. Weyerhaeuser has a 52-week low of $21.16 and a 52-week high of $29.58. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 55.70 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business earned $0.11 EPS. The business’s revenue for the quarter was down 9.8% on a year-over-year basis. Equities analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in shares of Weyerhaeuser by 4.4% in the 4th quarter. Wellington Management Group LLP now owns 41,378,212 shares of the real estate investment trust’s stock valued at $980,250,000 after acquiring an additional 1,731,315 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after purchasing an additional 23,485,504 shares during the period. State Street Corp lifted its position in Weyerhaeuser by 1.7% in the fourth quarter. State Street Corp now owns 33,031,378 shares of the real estate investment trust’s stock valued at $782,513,000 after purchasing an additional 562,781 shares during the last quarter. Norges Bank purchased a new stake in shares of Weyerhaeuser during the fourth quarter valued at approximately $549,531,000. Finally, Geode Capital Management LLC boosted its stake in shares of Weyerhaeuser by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock valued at $479,155,000 after purchasing an additional 225,227 shares during the period. 82.99% of the stock is owned by institutional investors.

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.