Weyerhaeuser (NYSE:WY – Get Free Report)‘s stock had its “buy” rating restated by DA Davidson in a report issued on Tuesday,Benzinga reports. They presently have a $31.00 price objective on the real estate investment trust’s stock. DA Davidson’s price target points to a potential upside of 30.00% from the company’s current price.
A number of other research analysts also recently issued reports on the stock. Truist Financial cut their target price on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, April 15th. Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday. Finally, Weiss Ratings cut shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Weyerhaeuser presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.
View Our Latest Report on Weyerhaeuser
Weyerhaeuser Price Performance
Weyerhaeuser (NYSE:WY – Get Free Report) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. As a group, equities research analysts expect that Weyerhaeuser will post 0.32 EPS for the current fiscal year.
Institutional Investors Weigh In On Weyerhaeuser
Large investors have recently modified their holdings of the business. NovaPoint Capital LLC raised its stake in Weyerhaeuser by 2.7% during the fourth quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 385 shares during the last quarter. Summit Financial LLC boosted its position in Weyerhaeuser by 1.3% during 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 last quarter. Parkside Financial Bank & Trust grew its holdings in Weyerhaeuser by 21.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 428 shares during the period. BOKF NA grew its holdings in Weyerhaeuser by 4.6% during the 3rd quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 463 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position 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 worth $59,000 after acquiring an additional 472 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors.
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.
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