Weyerhaeuser (NYSE:WY) Receives $36.33 Consensus Target Price from Analysts

Weyerhaeuser (NYSE:WY) has earned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $36.33.

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued a “market perform” rating and issued a $38.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Citigroup reduced their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. DA Davidson cut their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. Finally, Truist Financial upped their target price on Weyerhaeuser from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th.

Insider Activity at Weyerhaeuser

In related news, Director Albert Monaco bought 31,500 shares of Weyerhaeuser stock in a transaction on Monday, August 26th. The shares were purchased at an average price of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This represents a 80.30 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Calvin O’rourke bought 7,800 shares of Weyerhaeuser stock in a transaction on Friday, September 13th. The shares were bought at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their position. The disclosure for this purchase can be found here. 0.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WY. TD Private Client Wealth LLC lifted its holdings in shares of Weyerhaeuser by 52.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 5,752 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,972 shares in the last quarter. Toronto Dominion Bank raised its position in Weyerhaeuser by 0.4% in the 3rd quarter. Toronto Dominion Bank now owns 359,079 shares of the real estate investment trust’s stock valued at $12,158,000 after buying an additional 1,482 shares during the last quarter. Geode Capital Management LLC raised its position in Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock valued at $659,422,000 after buying an additional 217,510 shares during the last quarter. Prestige Wealth Management Group LLC raised its position in Weyerhaeuser by 946.2% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 10,462 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 9,462 shares during the last quarter. Finally, Adalta Capital Management LLC raised its position in Weyerhaeuser by 1.0% in the 3rd quarter. Adalta Capital Management LLC now owns 184,317 shares of the real estate investment trust’s stock valued at $6,241,000 after buying an additional 1,840 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 2.0 %

NYSE:WY opened at $31.22 on Wednesday. The stock’s 50 day moving average price is $32.28 and its 200 day moving average price is $30.79. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a market capitalization of $22.68 billion, a P/E ratio of 42.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The company’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, research analysts forecast that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is 108.11%.

About Weyerhaeuser

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.