Weyerhaeuser Company (NYSE:WY) Stock Has Average Target Price of $26.10 According to Analysts

Key Points

• Analysts rate Weyerhaeuser “Moderate Buy”: Eight of 11 analysts recommend buying, one recommends a strong buy, and the average 12-month price target is $26.10.
• In its latest quarter, Weyerhaeuser reported earnings of $0.08 per share, beating the $0.04 consensus estimate, while revenue of $1.86 billion fell short of expectations.
• The company declared a quarterly dividend of $0.21 per share, equivalent to an annualized yield of about 4% at the share price reported.

Shares of Weyerhaeuser Company (NYSE:WY - Get Free Report) have received an average rating of "Moderate Buy" from the eleven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.10.

A number of equities research analysts have weighed in on the company. DA Davidson lowered their price objective on Weyerhaeuser from $31.00 to $27.00 and set a "buy" rating for the company in a research note on Tuesday, October 27th. Wall Street Zen raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. reduced their target price on Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, September 3rd. Canadian Imperial Bank of Commerce decreased their price target on shares of Weyerhaeuser from $25.00 to $24.00 and set an "outperformer" rating for the company in a research report on Monday, November 2nd. Finally, Bank of America raised shares of Weyerhaeuser from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $28.00 to $25.00 in a research report on Wednesday, October 14th.

Weyerhaeuser Stock Up 1.8%

Shares of Weyerhaeuser stock traded up $0.36 during trading hours on Friday, hitting $20.82. 5,700,278 shares of the company's stock traded hands, compared to its average volume of 8,008,114. The stock has a 50 day simple moving average of $20.31 and a 200-day simple moving average of $23.41. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 0.57. The company has a market cap of $15.00 billion, a PE ratio of 33.59, a PEG ratio of 4.18 and a beta of 0.92. Weyerhaeuser has a twelve month low of $18.25 and a twelve month high of $27.75.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 EPS for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.92 billion. Weyerhaeuser had a return on equity of 1.72% and a net margin of 6.47%. The company's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Equities research analysts anticipate that Weyerhaeuser will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.84 annualized dividend and a yield of 4.0%. Weyerhaeuser's dividend payout ratio is currently 135.48%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WY. Marshall Wace LLP bought a new stake in shares of Weyerhaeuser in the 3rd quarter worth about $12,156,000. Steward Partners Investment Advisory LLC raised its stake in shares of Weyerhaeuser by 2.8% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 151,186 shares of the real estate investment trust's stock valued at $2,880,000 after purchasing an additional 4,123 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Weyerhaeuser by 7.2% during the third quarter. State Board of Administration of Florida Retirement System now owns 716,109 shares of the real estate investment trust's stock worth $13,642,000 after purchasing an additional 48,378 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Weyerhaeuser by 15.8% during the third quarter. Bleakley Financial Group LLC now owns 181,648 shares of the real estate investment trust's stock worth $3,460,000 after purchasing an additional 24,759 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its position in shares of Weyerhaeuser by 19.0% during the third quarter. Ingalls & Snyder LLC now owns 15,269 shares of the real estate investment trust's stock worth $291,000 after purchasing an additional 2,438 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company Profile

Weyerhaeuser is a timber, land and wood-products company founded in 1900 and headquartered in Seattle. It owns and manages timberlands in the United States and holds long-term forest-management licenses in Canada. The company grows and harvests timber and manufactures wood products, including lumber, engineered wood products, oriented strand board and plywood. These materials are used in residential construction, remodeling and other building applications. Weyerhaeuser also manages its timberlands for real estate, energy and other natural-resource opportunities.

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