Weyerhaeuser (NYSE:WY) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Weyerhaeuser (NYSE:WY - Get Free Report) have earned a consensus rating of "Hold" from the seven brokerages that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $38.00.

WY has been the subject of several recent analyst reports. Truist Financial reaffirmed a "hold" rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 3rd. StockNews.com downgraded shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Monday, January 29th. BMO Capital Markets raised their price objective on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a "market perform" rating in a report on Friday, March 22nd. Royal Bank of Canada reiterated an "outperform" rating and set a $39.00 target price on shares of Weyerhaeuser in a research report on Monday, January 29th. Finally, CIBC set a $37.00 target price on shares of Weyerhaeuser and gave the stock a "neutral" rating in a research report on Wednesday, March 13th.

Insider Transactions at Weyerhaeuser

In related news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total transaction of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company's stock, valued at approximately $1,991,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Weyerhaeuser news, CFO David M. Wold sold 924 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $32.84, for a total value of $30,344.16. Following the transaction, the chief financial officer now owns 60,655 shares of the company's stock, valued at $1,991,910.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 5,807 shares of the company's stock, valued at approximately $195,347.48. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock worth $1,455,609 in the last quarter. 0.30% of the stock is owned by company insiders.

Institutional Trading of Weyerhaeuser

Large investors have recently modified their holdings of the stock. Turtle Creek Wealth Advisors LLC bought a new position in shares of Weyerhaeuser in the 4th quarter worth $26,000. Eagle Bay Advisors LLC bought a new position in shares of Weyerhaeuser in the 2nd quarter worth $26,000. Millburn Ridgefield Corp bought a new position in Weyerhaeuser during the 3rd quarter valued at $25,000. Raleigh Capital Management Inc. lifted its stake in Weyerhaeuser by 606.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 728 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Weyerhaeuser by 92.6% during the 4th quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

Weyerhaeuser Stock Up 1.8 %

Weyerhaeuser stock traded up $0.61 during trading hours on Tuesday, hitting $35.03. The company had a trading volume of 2,321,102 shares, compared to its average volume of 3,483,288. The firm has a market capitalization of $25.56 billion, a P/E ratio of 30.46 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.94 and a quick ratio of 2.22. The firm's fifty day moving average is $34.19 and its 200-day moving average is $32.59. Weyerhaeuser has a fifty-two week low of $28.12 and a fifty-two week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the business posted $0.24 EPS. Weyerhaeuser's quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts forecast that Weyerhaeuser will post 1.03 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.20 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.28%. Weyerhaeuser's payout ratio is currently 69.57%.

Weyerhaeuser Company Profile

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.