Weyerhaeuser (NYSE:WY) Given Average Rating of "Hold" by Brokerages

Weyerhaeuser (NYSE:WY - Get Free Report) has earned a consensus recommendation of "Hold" from the eight research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.33.

A number of brokerages have recently issued reports on WY. BMO Capital Markets reiterated a "market perform" rating and set a $38.00 target price on shares of Weyerhaeuser in a report on Tuesday, July 30th. Truist Financial raised their target price on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Royal Bank of Canada increased their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Citigroup reduced their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. Finally, Argus upgraded Weyerhaeuser to a "hold" rating in a report on Friday, August 9th.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco bought 31,500 shares of the stock in a transaction dated Monday, August 26th. The stock was purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the acquisition, the director now owns 70,726 shares of the company's stock, valued at approximately $2,219,381.88. This trade represents a 80.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Calvin O'rourke bought 7,800 shares of the firm's stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now directly owns 17,672 shares of the company's stock, valued at approximately $565,680.72. The trade was a 79.01 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors have recently modified their holdings of WY. TD Private Client Wealth LLC raised its holdings in shares of Weyerhaeuser by 52.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 5,752 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 1,972 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Weyerhaeuser by 0.4% during the third quarter. Toronto Dominion Bank now owns 359,079 shares of the real estate investment trust's stock worth $12,158,000 after purchasing an additional 1,482 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Weyerhaeuser by 1.1% in the third quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust's stock valued at $659,422,000 after acquiring an additional 217,510 shares during the period. Prestige Wealth Management Group LLC boosted its stake in shares of Weyerhaeuser by 946.2% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 10,462 shares of the real estate investment trust's stock worth $354,000 after acquiring an additional 9,462 shares in the last quarter. Finally, Adalta Capital Management LLC grew its stake in Weyerhaeuser by 1.0% in the 3rd quarter. Adalta Capital Management LLC now owns 184,317 shares of the real estate investment trust's stock valued at $6,241,000 after acquiring an additional 1,840 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Stock Performance

Shares of NYSE WY remained flat at $30.69 during midday trading on Wednesday. 3,593,385 shares of the stock were exchanged, compared to its average volume of 3,607,867. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The firm has a fifty day moving average of $32.32 and a 200 day moving average of $30.79. The stock has a market cap of $22.30 billion, a PE ratio of 41.47 and a beta of 1.40. 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 released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. The business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. On average, research analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. Weyerhaeuser's dividend payout ratio (DPR) is currently 108.11%.

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.