BMO Capital Markets upgraded shares of Weyerhaeuser (NYSE:WY - Free Report) from a market perform rating to an outperform rating in a research note released on Friday morning, Marketbeat.com reports. The brokerage currently has $38.00 target price on the real estate investment trust's stock.
Several other research analysts also recently commented on the stock. Argus raised shares of Weyerhaeuser to a "hold" rating in a report on Friday, August 9th. StockNews.com cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Monday, October 28th. 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 note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has an average rating of "Hold" and an average price target of $36.33.
Read Our Latest Analysis on WY
Weyerhaeuser Stock Performance
WY traded up $0.33 during trading on Friday, hitting $31.29. The company's stock had a trading volume of 3,395,079 shares, compared to its average volume of 2,824,253. The business's 50 day simple moving average is $32.03 and its 200-day simple moving average is $30.84. The firm has a market cap of $22.73 billion, a PE ratio of 42.26 and a beta of 1.40. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. 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 quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $1.68 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. As a group, sell-side analysts predict that Weyerhaeuser will post 0.46 EPS for the current fiscal year.
Weyerhaeuser Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.20 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.56%. Weyerhaeuser's dividend payout ratio (DPR) is 108.11%.
Insider Activity
In other Weyerhaeuser news, Director James Calvin O'rourke acquired 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $32.01 per share, with a total value 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. The trade was a 79.01 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oakworth Capital Inc. purchased a new stake in Weyerhaeuser during the third quarter valued at approximately $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser in the 2nd quarter worth approximately $26,000. Itau Unibanco Holding S.A. acquired a new position in Weyerhaeuser in the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 valued at $32,000 after acquiring an additional 928 shares during the period. Finally, Bangor Savings Bank boosted its holdings in shares of Weyerhaeuser by 140.3% in the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 651 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.
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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