Weyerhaeuser (NYSE:WY - Free Report) - Analysts at Seaport Res Ptn boosted their Q4 2024 earnings estimates for Weyerhaeuser in a research report issued to clients and investors on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now expects that the real estate investment trust will earn $0.09 per share for the quarter, up from their previous forecast of $0.06. The consensus estimate for Weyerhaeuser's current full-year earnings is $0.49 per share. Seaport Res Ptn also issued estimates for Weyerhaeuser's Q1 2025 earnings at $0.17 EPS.
A number of other brokerages also recently weighed in on WY. Citigroup reduced their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research report on Friday, December 6th. Raymond James upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price target on the stock in a research note on Monday, December 23rd. Finally, Truist Financial dropped their target price on Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.14.
View Our Latest Research Report on WY
Weyerhaeuser Stock Performance
NYSE WY traded up $0.52 during trading on Thursday, hitting $31.06. The company's stock had a trading volume of 3,103,709 shares, compared to its average volume of 3,418,639. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The firm has a market cap of $22.56 billion, a P/E ratio of 41.97 and a beta of 1.42. The firm has a 50 day moving average price of $29.73 and a 200 day moving average price of $30.90. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser during the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 928 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Weyerhaeuser in the fourth quarter valued at approximately $36,000. Bangor Savings Bank lifted its position in shares of 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. Finally, Meeder Asset Management Inc. boosted its holdings in Weyerhaeuser by 172.4% during the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 719 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors.
Weyerhaeuser Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.58%. Weyerhaeuser's dividend payout ratio is currently 108.11%.
About Weyerhaeuser
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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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