Shares of Weyerhaeuser (NYSE:WY) have received an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $37.83.
Several analysts have recently weighed in on WY shares. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a report on Saturday, January 13th. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th.
In related news, VP Jeanne M. Hillman sold 15,389 shares of the firm’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 value of $542,000.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in shares of Weyerhaeuser by 17.2% in the third quarter. Russell Investments Group Ltd. now owns 108,306 shares of the real estate investment trust’s stock valued at $3,686,000 after buying an additional 15,882 shares during the period. Vident Investment Advisory LLC acquired a new position in Weyerhaeuser in the third quarter worth about $271,000. Cubist Systematic Strategies LLC raised its position in Weyerhaeuser by 97.3% in the third quarter. Cubist Systematic Strategies LLC now owns 23,888 shares of the real estate investment trust’s stock worth $813,000 after purchasing an additional 11,779 shares in the last quarter. Sterling Capital Management LLC raised its position in Weyerhaeuser by 195.7% in the third quarter. Sterling Capital Management LLC now owns 160,786 shares of the real estate investment trust’s stock worth $5,472,000 after purchasing an additional 106,403 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in Weyerhaeuser in the third quarter worth about $350,000. 76.08% of the stock is owned by institutional investors and hedge funds.
NYSE:WY traded up $0.27 during mid-day trading on Friday, hitting $36.19. The company’s stock had a trading volume of 2,733,771 shares, compared to its average volume of 3,970,447. Weyerhaeuser has a fifty-two week low of $30.95 and a fifty-two week high of $37.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $27,159.04, a PE ratio of 31.47, a price-to-earnings-growth ratio of 5.30 and a beta of 1.37.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a return on equity of 9.62% and a net margin of 8.09%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $0.14 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. research analysts expect that Weyerhaeuser will post 1.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Investors of record on Friday, March 2nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, March 1st. Weyerhaeuser’s dividend payout ratio is currently 111.30%.
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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