Weyerhaeuser (NYSE:WY) Receives Average Rating of “Hold” from Analysts

Shares of Weyerhaeuser (NYSE:WY) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $38.00.

A number of research firms have recently weighed in on WY. Truist Financial reiterated a “hold” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research note on Wednesday, April 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of Weyerhaeuser in a research note on Monday, January 29th. CIBC set a $37.00 price objective on shares of Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. BMO Capital Markets increased their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Finally, StockNews.com lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Monday, January 29th.

Weyerhaeuser Stock Down 1.2 %

NYSE:WY opened at $33.24 on Tuesday. The company has a market cap of $24.25 billion, a PE ratio of 28.90 and a beta of 1.43. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The company has a current ratio of 2.94, a quick ratio of 2.22 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $34.22 and its two-hundred day moving average is $32.63.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, January 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. Weyerhaeuser’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Analysts anticipate that Weyerhaeuser will post 1.03 EPS for the current year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. Weyerhaeuser’s dividend payout ratio is 69.57%.

Insider Buying and Selling

In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares of the company’s stock, valued at $1,991,910.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David M. Wold sold 924 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now directly owns 60,655 shares in the company, valued at $1,991,910.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,699 shares of company stock valued at $1,455,609. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WY. BlackRock Inc. raised its position in shares of Weyerhaeuser by 2.5% in the first quarter. BlackRock Inc. now owns 60,389,476 shares of the real estate investment trust’s stock valued at $1,819,535,000 after buying an additional 1,484,895 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Weyerhaeuser by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,387,553 shares of the real estate investment trust’s stock valued at $1,682,437,000 after buying an additional 888,621 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Weyerhaeuser by 53.2% in the fourth quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after buying an additional 10,271,891 shares during the last quarter. Norges Bank acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at about $753,497,000. Finally, JPMorgan Chase & Co. raised its position in shares of Weyerhaeuser by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 21,065,844 shares of the real estate investment trust’s stock valued at $645,879,000 after buying an additional 58,688 shares during the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.