Weyerhaeuser (NYSE:WY – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a report issued on Monday,Benzinga reports. They currently have a $31.00 price target on the real estate investment trust’s stock. DA Davidson’s price target suggests a potential upside of 31.06% from the stock’s current price.
Several other equities analysts have also issued reports on WY. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a research note on Thursday, April 23rd. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Truist Financial dropped their price target on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Weiss Ratings upgraded Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Finally, Citigroup restated an “outperform” rating on shares of Weyerhaeuser in a research note on Thursday, April 23rd. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Weyerhaeuser presently has an average rating of “Hold” and a consensus target price of $28.75.
View Our Latest Analysis on Weyerhaeuser
Weyerhaeuser Stock Down 1.4%
Weyerhaeuser (NYSE:WY – Get Free Report) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that Weyerhaeuser will post 0.26 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Richard Beckwitt bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Calvin O’rourke bought 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the transaction, the director owned 28,661 shares of the company’s stock, valued at $726,556.35. The trade was a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.31% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Weyerhaeuser
Large investors have recently bought and sold shares of the company. NovaPoint Capital LLC lifted its holdings in Weyerhaeuser by 2.7% in the fourth quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 385 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Weyerhaeuser by 21.6% in 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 lifted its holdings in Weyerhaeuser by 1.3% in the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 428 shares during the period. BOKF NA lifted its holdings in Weyerhaeuser by 4.6% in the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 463 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Weyerhaeuser by 23.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 472 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.
Weyerhaeuser Company Profile
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.
Further Reading
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