Weyerhaeuser (NYSE:WY) Stock Gets Price Target Trim from Truist Financial

Weyerhaeuser (NYSE:WY) had its price objective lowered by Truist Financial from $28.00 to $24.00 in a report issued on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

Several other equities research analysts have also commented on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a research note on Friday, July 17th. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 10th. JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, September 3rd. Citigroup decreased their target price on Weyerhaeuser from $29.00 to $21.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.22.

Weyerhaeuser Stock Down 0.4%

WY stock opened at $18.90 on Monday. The company has a market cap of $13.62 billion, a P/E ratio of 90.33, a P/E/G ratio of 2.20 and a beta of 0.92. Weyerhaeuser has a 52 week low of $18.25 and a 52 week high of $27.75. The company’s 50-day moving average price is $22.10 and its 200 day moving average price is $23.47. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period in the prior year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, research analysts expect that Weyerhaeuser will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.4%. Weyerhaeuser’s payout ratio is presently 129.23%.

Institutional Trading of Weyerhaeuser

Institutional investors and hedge funds have recently modified their holdings of the business. Essential Partners LLC grew its holdings in Weyerhaeuser by 120,800.0% during the 1st quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,208 shares during the last quarter. Nvwm LLC increased its position in 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 buying an additional 800 shares in the last quarter. Versant Capital Management Inc increased its position in 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 buying an additional 617 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Weyerhaeuser in the second quarter worth $35,000. Finally, Bayban acquired a new position in shares of Weyerhaeuser in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.