Weyerhaeuser Company (NYSE:WY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Weyerhaeuser Company (NYSE:WY) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $32.8750.

Several equities research analysts have recently commented on WY shares. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. DA Davidson reissued a “buy” rating and issued a $35.00 target price on shares of Weyerhaeuser in a research note on Monday, September 29th. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Truist Financial lowered their target price on Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Monday, July 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Weyerhaeuser in a research note on Wednesday.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the purchase, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the stock. DAVENPORT & Co LLC grew its stake in shares of Weyerhaeuser by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 1,480 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust’s stock worth $2,171,000 after acquiring an additional 1,524 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust’s stock worth $276,000 after acquiring an additional 6,622 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in Weyerhaeuser by 85.7% during the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after acquiring an additional 17,132 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in Weyerhaeuser by 3.3% during the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock worth $539,000 after acquiring an additional 663 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Down 2.0%

Shares of WY opened at $23.95 on Friday. The stock has a fifty day moving average price of $25.30 and a two-hundred day moving average price of $25.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. Weyerhaeuser has a 52-week low of $23.92 and a 52-week high of $33.56. The company has a market cap of $17.28 billion, a price-to-earnings ratio of 63.03, a PEG ratio of 155.60 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts predict that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.5%. Weyerhaeuser’s payout ratio is 221.05%.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.