Weyerhaeuser Company (NYSE:WY – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $29.00.
A number of research analysts have weighed in on WY shares. Citigroup reduced their price target on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. DA Davidson reiterated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research report on Tuesday, June 30th. Truist Financial reissued 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. Finally, Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Friday, July 10th.
Check Out Our Latest Report on Weyerhaeuser
Weyerhaeuser Stock Performance
Weyerhaeuser (NYSE:WY – Get Free Report) last announced its earnings results 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. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. Weyerhaeuser’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. On average, sell-side analysts predict that Weyerhaeuser will post 0.32 EPS for the current year.
Weyerhaeuser Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.84 annualized dividend and a dividend yield of 3.6%. Weyerhaeuser’s payout ratio is currently 129.23%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in WY. Parkside Financial Bank & Trust grew its position in Weyerhaeuser by 21.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 428 shares during the period. Summit Financial LLC raised its holdings in shares of Weyerhaeuser by 1.3% in the 4th quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock worth $771,000 after purchasing an additional 428 shares during the period. BOKF NA raised its holdings in shares of Weyerhaeuser by 4.6% in the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 463 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Weyerhaeuser by 23.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 472 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its stake in shares of Weyerhaeuser by 1.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust’s stock valued at $787,000 after purchasing an additional 500 shares in the last quarter. 82.99% of the stock is 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.
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