Shares of Weyerhaeuser Co (NYSE:WY) have been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $37.83.
Several analysts recently commented on the stock. TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus lifted their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Finally, Zacks Investment Research downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Saturday, February 10th.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Exane Derivatives raised its holdings in Weyerhaeuser by 94,833.3% during the fourth quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 2,845 shares during the last quarter. Barrett Asset Management LLC raised its holdings in Weyerhaeuser by 102.2% during the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,584 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in Weyerhaeuser by 60.5% during the third quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,453 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in Weyerhaeuser by 324.7% during the fourth quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 3,490 shares during the last quarter. Finally, Truewealth LLC acquired a new position in Weyerhaeuser during the fourth quarter worth $185,000. 74.53% of the stock is currently owned by institutional investors.
Shares of Weyerhaeuser (NYSE WY) traded down $0.32 during mid-day trading on Friday, hitting $35.34. 1,270,346 shares of the company traded hands, compared to its average volume of 4,505,309. The company has a market cap of $26,765.87, a P/E ratio of 46.31, a price-to-earnings-growth ratio of 5.28 and a beta of 1.42. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70. Weyerhaeuser has a 1-year low of $30.95 and a 1-year high of $37.89.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. equities research analysts anticipate that Weyerhaeuser will post 1.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Thursday, March 1st. Weyerhaeuser’s payout ratio is 166.24%.
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Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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