Weyerhaeuser (NYSE:WY) Receives $37.67 Consensus PT from Analysts

Weyerhaeuser (NYSE:WY) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.67.

A number of equities research analysts have weighed in on the company. CIBC set a $37.00 target price on Weyerhaeuser and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. StockNews.com downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Truist Financial restated a “hold” rating and issued a $36.00 target price on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. BMO Capital Markets upped their target price on Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada cut their target price on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating for the company in a research report on Monday, April 29th.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the sale, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at approximately $6,149,059.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the sale, the director now directly owns 5,807 shares in the company, valued at $195,347.48. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Weyerhaeuser

Several large investors have recently added to or reduced their stakes in WY. Norges Bank acquired a new stake in Weyerhaeuser during the 4th quarter valued at $753,497,000. Wellington Management Group LLP raised its stake in Weyerhaeuser by 53.2% during the 4th quarter. Wellington Management Group LLP now owns 29,571,219 shares of the real estate investment trust’s stock valued at $1,028,191,000 after purchasing an additional 10,271,891 shares during the period. Confluence Investment Management LLC purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at $81,507,000. Jupiter Asset Management Ltd. grew its holdings in shares of Weyerhaeuser by 376.3% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,068,432 shares of the real estate investment trust’s stock valued at $63,418,000 after acquiring an additional 1,634,125 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Weyerhaeuser by 145.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,491,743 shares of the real estate investment trust’s stock valued at $89,479,000 after acquiring an additional 1,474,806 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $31.08 on Friday. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $33.65 and a 200-day simple moving average of $32.79. The company has a market cap of $22.66 billion, a PE ratio of 28.25 and a beta of 1.47. Weyerhaeuser has a 12-month low of $28.12 and a 12-month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 earnings per share. On average, equities research analysts forecast that Weyerhaeuser will post 1 EPS for the current year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.57%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. Weyerhaeuser’s dividend payout ratio is currently 72.73%.

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.