Seaport Res Ptn Reduces Earnings Estimates for Weyerhaeuser

Weyerhaeuser (NYSE:WY) – Equities research analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for shares of Weyerhaeuser in a report released on Thursday, October 24th. Seaport Res Ptn analyst M. Weintraub now forecasts that the real estate investment trust will earn $0.46 per share for the year, down from their previous estimate of $0.52. The consensus estimate for Weyerhaeuser’s current full-year earnings is $0.48 per share. Seaport Res Ptn also issued estimates for Weyerhaeuser’s Q4 2024 earnings at $0.07 EPS.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS.

A number of other research firms also recently commented on WY. Truist Financial increased their price objective on shares of Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. BMO Capital Markets reiterated a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. DA Davidson dropped their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Argus raised Weyerhaeuser to a “hold” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada boosted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Performance

NYSE WY opened at $31.80 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. The stock’s 50 day simple moving average is $32.05 and its 200-day simple moving average is $30.82. The company has a market cap of $23.18 billion, a PE ratio of 28.91 and a beta of 1.40. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. Weyerhaeuser’s payout ratio is 72.73%.

Insider Buying and Selling

In other news, Director James Calvin O’rourke acquired 7,800 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Albert Monaco purchased 31,500 shares of the company’s stock in a transaction on Monday, August 26th. The stock was bought at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now directly owns 70,726 shares of the company’s stock, valued at $2,219,381.88. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oakworth Capital Inc. purchased a new position in shares of Weyerhaeuser during the third quarter worth about $25,000. Ridgewood Investments LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Weyerhaeuser by 4,884.2% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 928 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Weyerhaeuser during the second quarter worth approximately $27,000. Finally, Bangor Savings Bank lifted its holdings in shares of Weyerhaeuser by 140.3% during the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 651 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.