StockNews.com Downgrades Weyerhaeuser (NYSE:WY) to Sell

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 note issued on Friday.

A number of other research analysts have also weighed in on WY. Citigroup dropped their target price on Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday. Truist Financial cut their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating on the stock in a report on Monday, January 6th. BMO Capital Markets upgraded shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a report on Friday, December 6th. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 price objective for the company in a research report on Wednesday. Finally, Raymond James raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price for the company in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Weyerhaeuser has an average rating of "Moderate Buy" and an average price target of $35.14.

Weyerhaeuser Stock Up 0.7 %

WY stock traded up $0.21 during midday trading on Friday, reaching $30.24. 4,302,052 shares of the company's stock traded hands, compared to its average volume of 3,630,093. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company has a market cap of $21.97 billion, a price-to-earnings ratio of 40.86 and a beta of 1.42. The firm's fifty day moving average price is $29.82 and its 200-day moving average price is $30.73. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The firm's revenue was down 13.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Weyerhaeuser by 12.7% during the 3rd quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust's stock worth $1,210,694,000 after acquiring an additional 4,035,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust's stock valued at $151,437,000 after purchasing an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Weyerhaeuser by 2,664.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust's stock worth $74,355,000 after purchasing an additional 2,116,520 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Weyerhaeuser by 30.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust's stock worth $291,306,000 after buying an additional 2,004,073 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Weyerhaeuser by 512.3% in the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust's stock worth $44,386,000 after buying an additional 1,308,125 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

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.

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