Weyerhaeuser (NYSE:WY) Price Target Cut to $37.00

Weyerhaeuser (NYSE:WY) had its price target reduced by equities research analysts at Royal Bank of Canada from $38.00 to $37.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target suggests a potential upside of 22.68% from the company’s current price.

A number of other research firms have also commented on WY. CIBC set a $37.00 price objective on Weyerhaeuser and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Truist Financial restated a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. BMO Capital Markets raised their price target on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a research note on Friday, March 22nd. Finally, StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $37.67.

Weyerhaeuser Stock Down 3.3 %

NYSE:WY opened at $30.16 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.24 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $33.84 and its two-hundred day moving average price is $32.76. Weyerhaeuser has a twelve month low of $28.12 and a twelve month high of $36.27. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 27.42 and a beta of 1.43.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $0.21 EPS. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts expect that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares in the company, valued at $6,149,059.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Weyerhaeuser news, SVP Keith O’rear sold 8,349 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total value of $300,814.47. Following the transaction, the senior vice president now directly owns 170,665 shares of the company’s stock, valued at $6,149,059.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of Weyerhaeuser stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $33.64, for a total transaction of $1,124,450.64. Following the transaction, the director now owns 5,807 shares of the company’s stock, valued at $195,347.48. The disclosure for this sale can be found here. Insiders have sold 42,699 shares of company stock valued at $1,455,609 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC increased its position in shares of Weyerhaeuser by 3.2% during the 4th quarter. SVB Wealth LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 351 shares during the last quarter. Home Federal Bank of Tennessee increased its holdings in Weyerhaeuser by 1.0% during the third quarter. Home Federal Bank of Tennessee now owns 36,732 shares of the real estate investment trust’s stock worth $1,126,000 after buying an additional 355 shares during the last quarter. Xponance Inc. raised its position in Weyerhaeuser by 0.4% in the third quarter. Xponance Inc. now owns 91,101 shares of the real estate investment trust’s stock worth $2,793,000 after acquiring an additional 380 shares during the period. Montgomery Investment Management Inc. boosted its stake in Weyerhaeuser by 1.2% in the third quarter. Montgomery Investment Management Inc. now owns 30,905 shares of the real estate investment trust’s stock valued at $948,000 after acquiring an additional 380 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its position in shares of Weyerhaeuser by 23.4% during the 1st quarter. WASHINGTON TRUST Co now owns 2,023 shares of the real estate investment trust’s stock valued at $73,000 after acquiring an additional 383 shares during the period. Hedge funds and other 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.