Weyerhaeuser Company (NYSE:WY) Receives $28.63 Average PT from Analysts

Weyerhaeuser Company (NYSE:WY) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $28.8750.

Several analysts have recently commented on WY shares. JPMorgan Chase & Co. dropped their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Monday, December 15th. Citigroup upped their target price on Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Bank of America reaffirmed a “neutral” rating and set a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th.

Weyerhaeuser Trading Up 0.5%

NYSE WY opened at $26.88 on Friday. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $31.66. The company has a 50 day moving average price of $25.27 and a 200 day moving average price of $24.51. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a market cap of $19.38 billion, a PE ratio of 61.09 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 earnings per share. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.84 dividend on an annualized basis and a yield of 3.1%. Weyerhaeuser’s dividend payout ratio is presently 190.91%.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,500 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average cost of $23.61 per share, with a total value of $106,245.00. Following the completion of the acquisition, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. boosted its holdings in Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of Weyerhaeuser by 401.3% during the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the period. Private Wealth Asset Management LLC boosted its stake in shares of Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 807 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Weyerhaeuser in the fourth quarter valued at approximately $39,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

About Weyerhaeuser

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.