Weyerhaeuser Company (NYSE:WY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Weyerhaeuser Company (NYSE:WYGet Free Report) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.00.

WY has been the topic of several research analyst reports. Truist Financial decreased their price objective on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Wednesday. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. raised their target price on Weyerhaeuser from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $30.00 price objective on shares of Weyerhaeuser in a research report on Friday.

Read Our Latest Stock Analysis on WY

Institutional Investors Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Essential Partners LLC raised its position in shares of Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,208 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Weyerhaeuser by 77.6% in the second quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 617 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Weyerhaeuser in the fourth quarter worth about $39,000. Addison Advisors LLC increased its position in Weyerhaeuser by 83.4% in the fourth 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 period. Finally, Bayban bought a new stake in Weyerhaeuser during the 4th quarter worth about $41,000. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 0.0%

Weyerhaeuser stock opened at $24.46 on Monday. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $27.75. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. The business has a 50 day moving average price of $23.99 and a two-hundred day moving average price of $24.62. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WYGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion for 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 company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, equities analysts forecast that Weyerhaeuser will post 0.31 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, June 5th. Weyerhaeuser’s payout ratio is 155.56%.

Weyerhaeuser Company Profile

(Get Free Report)

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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Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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