Weyerhaeuser (NYSE:WY) Receives Average Rating of “Moderate Buy” from Brokerages

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Weyerhaeuser (NYSE:WYGet Rating) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $42.20.

WY has been the subject of several research analyst reports. StockNews.com downgraded shares of Weyerhaeuser from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 4th. Argus downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price target for the company. in a research note on Monday, May 2nd. Truist Financial began coverage on shares of Weyerhaeuser in a report on Wednesday, June 29th. They set a “hold” rating and a $37.00 price objective for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating for the company in a report on Thursday, June 23rd.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $35.51 on Friday. Weyerhaeuser has a twelve month low of $32.50 and a twelve month high of $43.04. The company has a quick ratio of 2.20, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $26.44 billion, a PE ratio of 9.89 and a beta of 1.50. The firm has a fifty day simple moving average of $35.89 and a 200 day simple moving average of $38.38.

Weyerhaeuser (NYSE:WYGet Rating) last posted its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.24. Weyerhaeuser had a net margin of 24.96% and a return on equity of 27.03%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue was down 12.0% compared to the same quarter last year. On average, sell-side analysts forecast that Weyerhaeuser will post 3.05 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, June 2nd. Weyerhaeuser’s dividend payout ratio (DPR) is presently 20.06%.

Insider Buying and Selling

In other news, Director Albert Monaco purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were acquired at an average cost of $38.43 per share, for a total transaction of $115,290.00. Following the completion of the acquisition, the director now owns 27,246 shares in the company, valued at $1,047,063.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WY. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Weyerhaeuser by 2.2% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 11,497 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 246 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in Weyerhaeuser by 44.1% in the first quarter. Rosenberg Matthew Hamilton now owns 820 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 251 shares during the last quarter. Stonebridge Capital Advisors LLC boosted its stake in Weyerhaeuser by 4.9% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 5,620 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 264 shares during the last quarter. North Star Asset Management Inc. boosted its stake in Weyerhaeuser by 1.0% in the fourth quarter. North Star Asset Management Inc. now owns 26,319 shares of the real estate investment trust’s stock valued at $1,084,000 after acquiring an additional 270 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC boosted its stake in Weyerhaeuser by 1.7% in the first quarter. Kiley Juergens Wealth Management LLC now owns 16,266 shares of the real estate investment trust’s stock valued at $616,000 after acquiring an additional 279 shares during the last quarter. 82.38% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Company Profile

(Get Rating)

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.

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