Brokerages Set Weyerhaeuser (NYSE:WY) PT at $37.67

Shares of Weyerhaeuser (NYSE:WY) have received an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $37.67.

Several analysts have commented on the company. CIBC set a $37.00 target price on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Royal Bank of Canada lowered their price target on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Truist Financial reissued a “hold” rating and set a $36.00 price target on shares of Weyerhaeuser in a report on Wednesday, April 3rd. BMO Capital Markets increased their price target on Weyerhaeuser from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, StockNews.com cut Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Monday, January 29th.

Weyerhaeuser Stock Performance

Shares of WY opened at $31.08 on Friday. The business’s fifty day simple moving average is $33.65 and its two-hundred day simple moving average is $32.79. The company has a current ratio of 2.24, a quick ratio of 1.57 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12 month low of $28.12 and a 12 month high of $36.27. The company has a market cap of $22.66 billion, a price-to-earnings ratio of 28.25 and a beta of 1.47.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 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 for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $0.21 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. Research analysts anticipate that Weyerhaeuser will post 1 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.20 dividend. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Thursday, March 7th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 72.73%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Weyerhaeuser

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its position in shares of Weyerhaeuser by 19.5% during the first quarter. Empowered Funds LLC now owns 34,034 shares of the real estate investment trust’s stock valued at $1,222,000 after purchasing an additional 5,543 shares in the last quarter. AIA Group Ltd grew its position in shares of Weyerhaeuser by 4.3% during the first quarter. AIA Group Ltd now owns 990,110 shares of the real estate investment trust’s stock valued at $35,555,000 after purchasing an additional 40,721 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Weyerhaeuser by 65.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 29,125 shares of the real estate investment trust’s stock valued at $1,046,000 after purchasing an additional 11,571 shares in the last quarter. Advisory Alpha LLC grew its position in shares of Weyerhaeuser by 26.1% during the first quarter. Advisory Alpha LLC now owns 8,133 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Weyerhaeuser by 0.8% during the first quarter. Larson Financial Group LLC now owns 43,003 shares of the real estate investment trust’s stock valued at $1,544,000 after purchasing an additional 348 shares in the last quarter. 82.99% of the stock is owned by institutional investors.

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.