Weyerhaeuser Company (NYSE:WY) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Weyerhaeuser has a consensus “Moderate Buy” rating from 11 analysts: seven buys, three holds and one strong buy. The average 12-month price target is $26.67, above the stock’s reported $19.34 price.
• Institutional ownership is high at 82.99%, with major investors including Wellington Management and First Eagle increasing their positions during the second quarter.
• The company exceeded quarterly earnings expectations, reporting $0.13 per share versus an $0.08 consensus estimate, but revenue declined 8.3% year over year. Weyerhaeuser also pays a $0.21 quarterly dividend, equivalent to a 4.3% annualized yield.

Weyerhaeuser Company (NYSE:WY - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.67.

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $31.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, September 3rd. Weiss Ratings downgraded Weyerhaeuser from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Truist Financial dropped their price target on Weyerhaeuser from $28.00 to $24.00 and set a "hold" rating on the stock in a research note on Monday, October 12th. Seaport Research Partners set a $30.00 price target on Weyerhaeuser in a report on Thursday, October 8th. Finally, Wall Street Zen upgraded Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Sunday, August 2nd.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Weyerhaeuser during the 2nd quarter worth about $468,969,000. Wellington Management Group LLP grew its holdings in shares of Weyerhaeuser by 14.3% in the 2nd quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust's stock valued at $1,043,164,000 after acquiring an additional 5,437,685 shares in the last quarter. First Eagle Investment Management LLC increased its position in shares of Weyerhaeuser by 10.6% in the second quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust's stock valued at $1,225,232,000 after acquiring an additional 4,885,818 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at about $101,969,000. Finally, Kopernik Global Investors LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at about $46,529,000. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Up 0.7%

Shares of WY stock opened at $19.34 on Wednesday. The firm has a fifty day moving average of $21.62 and a 200-day moving average of $23.33. The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Weyerhaeuser has a 12-month low of $18.25 and a 12-month high of $27.75. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 2.36 and a beta of 0.92.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The firm's quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. As a group, equities research analysts predict that Weyerhaeuser will post 0.27 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.3%. Weyerhaeuser's dividend payout ratio (DPR) is presently 129.23%.

Weyerhaeuser Company Profile

Weyerhaeuser NYSE: WY is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser's principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.

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