StockNews.com Begins Coverage on Weyerhaeuser (NYSE:WY)

Research analysts at StockNews.com started coverage on shares of Weyerhaeuser (NYSE:WY – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the stock. Raymond James upped their target price on shares of Weyerhaeuser from $38.00 to $42.00 and gave the stock a “strong-buy” rating in a report on Monday, February 13th. Truist Financial reduced their price target on shares of Weyerhaeuser from $35.00 to $34.00 and set a “hold” rating on the stock in a research report on Tuesday, April 11th. BMO Capital Markets reduced their price target on shares of Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating on the stock in a research report on Monday, February 6th. DA Davidson upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and upped their price target for the stock from $34.00 to $35.00 in a research report on Monday, April 10th. Finally, Citigroup reduced their price target on shares of Weyerhaeuser from $39.00 to $36.00 in a research report on Thursday, April 6th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.86.

Weyerhaeuser Stock Up 0.6 %

WY opened at $29.48 on Thursday. The firm’s 50-day simple moving average is $29.88 and its 200-day simple moving average is $31.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.89 and a current ratio of 1.24. Weyerhaeuser has a twelve month low of $27.36 and a twelve month high of $40.35. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 17.24 and a beta of 1.47.

Weyerhaeuser (NYSE:WY – Get Rating) last posted its earnings results on Friday, April 28th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.09. Weyerhaeuser had a net margin of 14.07% and a return on equity of 13.37%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The firm’s quarterly revenue was down 13.9% compared to the same quarter last year. Equities research analysts anticipate that Weyerhaeuser will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Denise M. Merle sold 1,781 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $30.00, for a total transaction of $53,430.00. Following the completion of the transaction, the senior vice president now directly owns 160,507 shares of the company’s stock, valued at approximately $4,815,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds have recently made changes to their positions in the business. Fairfield Bush & CO. acquired a new stake in Weyerhaeuser during the 1st quarter valued at $52,000. Cibc World Market Inc. acquired a new stake in shares of Weyerhaeuser during the first quarter worth $1,440,000. Dimensional Fund Advisors LP lifted its holdings in shares of Weyerhaeuser by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 414,977 shares of the real estate investment trust’s stock worth $15,730,000 after buying an additional 5,984 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Weyerhaeuser by 2.9% during the first quarter. Candriam Luxembourg S.C.A. now owns 41,422 shares of the real estate investment trust’s stock worth $1,570,000 after buying an additional 1,159 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Weyerhaeuser by 10.3% during the first quarter. Loomis Sayles & Co. L P now owns 6,381 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 596 shares in the last quarter. 80.86% of the stock is owned by institutional investors.

Weyerhaeuser Company Profile

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Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.