Weyerhaeuser (NYSE:WY – Get Free Report) had its target price decreased by equities researchers at Truist Financial from $28.00 to $24.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective suggests a potential upside of 26.68% from the stock’s previous close.
WY has been the subject of several other reports. Seaport Research Partners set a $30.00 price target on Weyerhaeuser in a report on Thursday. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Weyerhaeuser in a research report on Friday, July 17th. Citigroup lowered their target price on Weyerhaeuser from $29.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Raymond James Financial upgraded Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.33.
Check Out Our Latest Report on Weyerhaeuser
Weyerhaeuser Trading Down 0.8%
Weyerhaeuser (NYSE:WY – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.05. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business earned $0.12 earnings per share. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. Research analysts expect that Weyerhaeuser will post 0.28 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of WY. Assenagon Asset Management S.A. raised its position in shares of Weyerhaeuser by 524.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 176,165 shares of the real estate investment trust’s stock valued at $4,217,000 after purchasing an additional 147,971 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Weyerhaeuser by 23.0% during the second quarter. Hsbc Holdings PLC now owns 1,636,104 shares of the real estate investment trust’s stock worth $39,100,000 after buying an additional 305,983 shares in the last quarter. Markel Group Inc. increased its stake in shares of Weyerhaeuser by 585.7% in the second quarter. Markel Group Inc. now owns 120,000 shares of the real estate investment trust’s stock worth $2,873,000 after buying an additional 102,500 shares during the last quarter. SFE Investment Counsel increased its stake in shares of Weyerhaeuser by 32.2% in the first quarter. SFE Investment Counsel now owns 209,041 shares of the real estate investment trust’s stock worth $5,107,000 after buying an additional 50,880 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Weyerhaeuser by 10.6% in the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock valued at $1,225,232,000 after acquiring an additional 4,885,818 shares in the last quarter. Hedge funds and other institutional investors own 82.99% of the company’s stock.
About Weyerhaeuser
Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.
Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.
Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.
Featured Articles
- Five stocks we like better than Weyerhaeuser
- Salesforce Just Got a Rare Double Upgrade—What Changed?
- OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
- China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit
- 3 REITs That May Win in a Higher Interest Rate Environment
Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.
