Weyerhaeuser’s (WY) “Hold” Rating Reiterated at Truist Financial

Truist Financial reiterated their hold rating on shares of Weyerhaeuser (NYSE:WY) in a research note released on Monday,Benzinga reports. They currently have a $28.00 price target on the real estate investment trust’s stock, up from their prior price target of $27.00.

Several other equities research analysts have also recently issued reports on WY. Raymond James Financial raised shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 10th. Citigroup lowered their price objective on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. DA Davidson reaffirmed a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 25th. Finally, Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Weyerhaeuser Price Performance

WY stock opened at $25.84 on Monday. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.89. 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 stock’s fifty day simple moving average is $24.26 and its 200-day simple moving average is $24.60.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the firm posted $0.12 earnings per share. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser will post 0.31 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Friday, June 5th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s payout ratio is currently 129.23%.

Institutional Investors Weigh In On Weyerhaeuser

Several hedge funds have recently modified their holdings of the stock. Essential Partners LLC boosted its holdings in Weyerhaeuser by 120,800.0% in the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,208 shares during the period. Nvwm LLC lifted its position in shares of Weyerhaeuser by 174.7% during the second quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 800 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Weyerhaeuser by 77.6% during the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 617 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter valued at $39,000. Finally, Addison Advisors LLC boosted its stake in shares of Weyerhaeuser by 83.4% in the fourth 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 period. 82.99% of the stock is currently owned by hedge funds and other 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.