Weyerhaeuser Company (NYSE:WY) Given Average Recommendation of “Hold” by Analysts

Weyerhaeuser Company (NYSE:WY) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.8750.

A number of research analysts have weighed in on WY shares. JPMorgan Chase & Co. dropped their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. New Street Research set a $28.00 price objective on shares of Weyerhaeuser in a report on Friday, December 12th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Monday, February 2nd. Finally, UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of Weyerhaeuser stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the transaction, the chief executive officer directly owned 1,024,861 shares of the company’s stock, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Beckwitt bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, for a total transaction 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 28,500 shares of company stock valued at $721,645 over the last ninety days. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors have recently added to or reduced their stakes in WY. Tradewinds Capital Management LLC boosted its holdings in shares of Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC boosted its holdings 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 valued at $34,000 after buying an additional 501 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Weyerhaeuser in the fourth quarter worth about $39,000. Addison Advisors LLC boosted its position in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares in the last quarter. Finally, Operose Advisors LLC bought a new stake in Weyerhaeuser in the second quarter worth $41,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Down 0.2%

Weyerhaeuser stock opened at $24.45 on Tuesday. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $31.12. The firm’s 50-day simple moving average is $25.65 and its 200 day simple moving average is $24.42. The stock has a market cap of $17.62 billion, a PE ratio of 55.57 and a beta of 1.03. 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 (NYSE:WY) last released its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.Weyerhaeuser’s quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Research analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, March 10th. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. Weyerhaeuser’s dividend payout ratio is 190.91%.

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.