Weyerhaeuser (NYSE:WY – Get Free Report) had its price target lowered by equities researchers at Citigroup from $32.00 to $30.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s target price indicates a potential upside of 26.19% from the company’s previous close.
WY has been the subject of a number of other research reports. DA Davidson reissued a “buy” rating and set a $31.00 price target on shares of Weyerhaeuser in a research report on Monday. Wall Street Zen lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Canadian Imperial Bank of Commerce set a $28.00 target price on Weyerhaeuser in a report on Thursday, April 23rd. Truist Financial dropped their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, April 15th. Finally, Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and a consensus target price of $28.50.
View Our Latest Analysis on WY
Weyerhaeuser Trading Up 1.0%
Weyerhaeuser (NYSE:WY – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. On average, sell-side analysts anticipate that Weyerhaeuser will post 0.26 EPS for the current fiscal year.
Insider Activity at Weyerhaeuser
In other news, Director Richard Beckwitt acquired 20,000 shares of the stock in a transaction on Thursday, February 19th. The stock was bought at an average price of $25.70 per share, with a total value of $514,000.00. Following the completion of the transaction, the director directly owned 24,066 shares of the company’s stock, valued at $618,496.20. The trade was a 491.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James Calvin O’rourke bought 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The shares were purchased at an average cost of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the transaction, the director owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This represents a 16.22% increase in their position. The SEC filing for this purchase provides additional information. 0.31% of the stock is owned by company insiders.
Institutional Trading of Weyerhaeuser
Large investors have recently modified their holdings of the business. Cromwell Holdings LLC increased its position in shares of Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 501 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Weyerhaeuser during the 4th quarter worth approximately $39,000. Addison Advisors LLC increased its holdings in Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 757 shares during the last quarter. Optiver Holding B.V. acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at approximately $42,000. Finally, Bayban purchased a new position in shares of Weyerhaeuser during the 4th quarter valued at approximately $41,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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