Weyerhaeuser (NYSE:WY) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Weyerhaeuser (NYSE:WY) from a sell rating to a hold rating in a report released on Saturday.

Several other brokerages have also recently issued reports on WY. Citigroup lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Canadian Imperial Bank of Commerce set a $28.00 price objective on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Truist Financial lowered their price objective on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Finally, Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.50.

Weyerhaeuser Trading Down 0.7%

Shares of NYSE:WY opened at $23.53 on Friday. The company has a market cap of $16.96 billion, a PE ratio of 43.57, a P/E/G ratio of 1.50 and a beta of 0.90. The company’s 50-day moving average price is $24.25 and its 200 day moving average price is $24.20. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $27.86. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm earned $0.11 EPS. Weyerhaeuser’s revenue was down 2.0% on a year-over-year basis. Sell-side analysts anticipate that Weyerhaeuser will post 0.28 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s payout ratio is presently 155.56%.

Insiders Place Their Bets

In related news, Director James Calvin O’rourke bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the purchase, the director directly owned 28,661 shares in the company, valued at $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Beckwitt bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the purchase, the director owned 24,066 shares in the company, valued at approximately $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new position in Weyerhaeuser during the 4th quarter valued at $39,000. Addison Advisors LLC raised its stake 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 valued at $39,000 after purchasing an additional 757 shares during the last quarter. Optiver Holding B.V. acquired a new position in Weyerhaeuser during the 3rd quarter valued at $42,000. Bayban acquired a new position in Weyerhaeuser during the 4th quarter valued at $41,000. Finally, Costello Asset Management INC raised its stake in Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 976 shares during the last quarter. 82.99% of the stock is currently 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.