Weyerhaeuser (NYSE:WY) Rating Lowered to Sell at Wall Street Zen

Weyerhaeuser (NYSE:WY) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other equities analysts also recently weighed in on the stock. Citigroup raised their price target on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. decreased their target price on shares of Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Finally, DA Davidson reiterated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.88.

Weyerhaeuser Stock Performance

NYSE WY opened at $25.29 on Friday. The company has a market cap of $18.22 billion, a PE ratio of 57.47 and a beta of 1.03. The stock’s 50 day simple moving average is $25.42 and its 200-day simple moving average is $24.51. Weyerhaeuser has a 1-year low of $21.16 and a 1-year high of $31.66. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83.

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

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the purchase, the director directly owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Beckwitt purchased 20,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the acquisition, the director owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 28,500 shares of company stock worth $721,645 over the last ninety days. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Weyerhaeuser by 3.5% during the fourth quarter. Invesco Ltd. now owns 11,389,684 shares of the real estate investment trust’s stock worth $269,822,000 after purchasing an additional 382,244 shares in the last quarter. Corient Private Wealth LLC increased its stake in Weyerhaeuser by 6.7% during the 4th quarter. Corient Private Wealth LLC now owns 180,828 shares of the real estate investment trust’s stock worth $4,290,000 after buying an additional 11,317 shares during the period. Strive Financial Group LLC purchased a new stake in Weyerhaeuser during the 4th quarter worth approximately $45,000. Beacon Pointe Advisors LLC lifted its holdings in Weyerhaeuser by 3.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 35,273 shares of the real estate investment trust’s stock worth $836,000 after buying an additional 1,258 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in Weyerhaeuser by 21.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 340,642 shares of the real estate investment trust’s stock valued at $8,782,000 after buying an additional 60,742 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

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.