Weyerhaeuser (NYSE:WY) Earns "Hold" Rating from Truist Financial

Truist Financial reissued their hold rating on shares of Weyerhaeuser (NYSE:WY - Free Report) in a research note released on Wednesday, Benzinga reports. Truist Financial currently has a $36.00 price objective on the real estate investment trust's stock.

Other analysts have also issued reports about the stock. Royal Bank of Canada restated an outperform rating and issued a $39.00 price target on shares of Weyerhaeuser in a research report on Monday, January 29th. CIBC set a $37.00 price target on shares of Weyerhaeuser and gave the stock a neutral rating in a research report on Wednesday, March 13th. StockNews.com lowered shares of Weyerhaeuser from a buy rating to a hold rating in a research report on Monday, January 29th. Finally, BMO Capital Markets lifted their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the company a market perform rating in a research report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Weyerhaeuser presently has a consensus rating of Hold and a consensus price target of $37.71.

Weyerhaeuser Stock Down 1.4 %

Shares of Weyerhaeuser stock traded down $0.49 during midday trading on Wednesday, reaching $34.94. 3,117,284 shares of the company's stock traded hands, compared to its average volume of 3,537,127. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 30.50 and a beta of 1.43. The company's 50 day simple moving average is $34.03 and its 200 day simple moving average is $32.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.22 and a current ratio of 2.94. Weyerhaeuser has a 52 week low of $28.12 and a 52 week high of $36.27.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its 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. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Weyerhaeuser had a net margin of 10.93% and a return on equity of 7.36%. The business's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. Equities analysts expect that Weyerhaeuser will post 1.03 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 7th. Weyerhaeuser's payout ratio is 69.57%.

Insider Buying and Selling

In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business's 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 completion of the transaction, the director now owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Nicole Weyerhaeuser Piasecki sold 33,426 shares of the business's 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 completion of the transaction, the director now owns 5,807 shares in the company, valued at $195,347.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Keith O'rear sold 8,349 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.03, for a total transaction of $300,814.47. Following the transaction, the senior vice president now owns 170,665 shares of the company's stock, valued at approximately $6,149,059.95. The disclosure for this sale can be found here. Insiders sold a total of 42,699 shares of company stock valued at $1,455,609 over the last ninety days. Insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC acquired a new position in shares of Weyerhaeuser in the first quarter valued at approximately $81,507,000. Nomura Holdings Inc. acquired a new position in Weyerhaeuser during the fourth quarter worth $4,505,000. HighPoint Advisor Group LLC acquired a new position in Weyerhaeuser during the fourth quarter worth $264,000. Wahed Invest LLC boosted its holdings in Weyerhaeuser by 4.8% during the fourth quarter. Wahed Invest LLC now owns 12,049 shares of the real estate investment trust's stock worth $419,000 after purchasing an additional 551 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Weyerhaeuser by 131.5% during the fourth quarter. Fisher Asset Management LLC now owns 24,002 shares of the real estate investment trust's stock worth $835,000 after purchasing an additional 13,632 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

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.