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

Shares of Weyerhaeuser (NYSE:WY) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $33.75.

WY has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. CIBC cut their price target on shares of Weyerhaeuser from $35.00 to $32.00 and set an “outperformer” rating for the company in a research note on Tuesday, April 22nd. Truist Financial cut their price target on shares of Weyerhaeuser from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. started coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 target price for the company.

Institutional Trading of Weyerhaeuser

Hedge funds and other institutional investors have recently bought and sold shares of the business. South Plains Financial Inc. acquired a new stake in Weyerhaeuser in the 4th quarter worth about $25,000. Fourth Dimension Wealth LLC acquired a new stake in Weyerhaeuser in the 4th quarter worth about $27,000. GKV Capital Management Co. Inc. acquired a new stake in Weyerhaeuser in the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser in the 1st quarter worth about $31,000. Finally, Costello Asset Management INC acquired a new stake in Weyerhaeuser in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $26.72 on Wednesday. The stock has a market cap of $19.38 billion, a P/E ratio of 48.58, a P/E/G ratio of 4.74 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a fifty day moving average price of $27.03 and a two-hundred day moving average price of $29.01. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share. As a group, equities analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 8th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, May 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 168.00%.

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.