Weyerhaeuser (NYSE:WY) Downgraded to "Sell" at StockNews.com

Weyerhaeuser (NYSE:WY - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Monday.

Several other analysts have also weighed in on the company. Royal Bank of Canada upped their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Argus raised shares of Weyerhaeuser to a "hold" rating in a research note on Friday, August 9th. Citigroup cut their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, July 30th. BMO Capital Markets reiterated a "market perform" rating and issued a $38.00 price target on shares of Weyerhaeuser in a research report on Tuesday, July 30th. Finally, Truist Financial lifted their price objective on Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $36.33.

Weyerhaeuser Stock Performance

Weyerhaeuser stock traded up $0.15 during trading hours on Monday, reaching $31.95. 2,877,974 shares of the stock were exchanged, compared to its average volume of 3,633,839. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The stock has a market cap of $23.24 billion, a P/E ratio of 43.18 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. The firm's 50 day moving average is $32.08 and its 200 day moving average is $30.81.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued 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. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business posted $0.33 EPS. The company's revenue for the quarter was down 13.3% on a year-over-year basis. Analysts predict that Weyerhaeuser will post 0.45 EPS for the current fiscal year.

Insider Activity

In other Weyerhaeuser news, Director James Calvin O'rourke acquired 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The stock was bought at an average cost 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 represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now owns 70,726 shares of the company's stock, valued at approximately $2,219,381.88. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Calvin O'rourke purchased 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the acquisition, the director now 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 disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WY. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the third quarter worth $25,000. Ridgewood Investments LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Weyerhaeuser by 4,884.2% in the 3rd 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 in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser in the second quarter worth about $27,000. Finally, Bangor Savings Bank grew its stake in Weyerhaeuser by 140.3% in 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 in the last quarter. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.

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