Weyerhaeuser Company (NYSE:WY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Weyerhaeuser Company (NYSE:WY) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $28.67.

Several research firms recently issued reports on WY. Truist Financial restated a “hold” rating and issued a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. DA Davidson reiterated a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $30.00 target price on shares of Weyerhaeuser in a report on Friday, July 17th. Weiss Ratings raised shares of Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Friday, July 10th.

Weyerhaeuser Stock Down 2.4%

Weyerhaeuser stock opened at $19.08 on Friday. The company’s 50-day moving average price is $23.26 and its two-hundred day moving average price is $23.79. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The stock has a market cap of $13.75 billion, a P/E ratio of 29.35, a P/E/G ratio of 1.86 and a beta of 0.87. Weyerhaeuser has a twelve month low of $19.05 and a twelve month high of $27.75.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The business’s revenue was down 8.3% on a year-over-year basis. As a group, analysts expect that Weyerhaeuser will post 0.33 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a yield of 4.4%. Weyerhaeuser’s payout ratio is currently 129.23%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Essential Partners LLC boosted its stake in shares of Weyerhaeuser by 120,800.0% in the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,208 shares during the period. Nvwm LLC increased its stake in Weyerhaeuser by 174.7% during the 2nd quarter. Nvwm LLC now owns 1,258 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 800 shares during the period. Versant Capital Management Inc increased its stake in Weyerhaeuser by 77.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 617 shares during the period. Compass Financial Management LLC acquired a new position in Weyerhaeuser in the 2nd quarter valued at $35,000. Finally, Bayban acquired a new position in Weyerhaeuser in the 4th quarter valued at $41,000. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.