Truist Financial Has Lowered Expectations for Weyerhaeuser (NYSE:WY) Stock Price

Key Points

• Truist Financial has lowered its target price for Weyerhaeuser from $29.00 to $27.00, maintaining a "hold" rating on the stock.
• The stock has a consensus rating of "Moderate Buy" with a target price of $32.63, despite ratings from other analysts ranging from "Strong Buy" to "Sell."
• Weyerhaeuser's recent earnings report showed an EPS of $0.12, exceeding estimates but also reflected a year-over-year revenue decline of 2.8%.

Weyerhaeuser (NYSE:WY - Get Free Report) had its target price lowered by equities research analysts at Truist Financial from $29.00 to $27.00 in a report released on Monday,Benzinga reports. The firm currently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price target points to a potential upside of 13.22% from the company's previous close.

A number of other equities research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DA Davidson reiterated a "buy" rating and set a $35.00 target price on shares of Weyerhaeuser in a research report on Monday, September 29th. JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Weyerhaeuser in a report on Wednesday, October 8th. Finally, CIBC decreased their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.63.

Weyerhaeuser Trading Down 0.3%

WY traded down $0.08 during mid-day trading on Monday, hitting $23.85. 372,394 shares of the stock were exchanged, compared to its average volume of 4,088,111. The firm's fifty day moving average is $25.30 and its two-hundred day moving average is $25.84. Weyerhaeuser has a 1-year low of $23.72 and a 1-year high of $33.56. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a market cap of $17.21 billion, a PE ratio of 62.75, a PEG ratio of 210.53 and a beta of 1.05.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Equities analysts forecast that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Insider Activity at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of Weyerhaeuser stock in a transaction dated Monday, August 11th. The shares were acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the transaction, the director owned 21,478 shares in the company, valued at approximately $543,178.62. This trade represents a 22.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GKV Capital Management Co. Inc. purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $29,000. Hantz Financial Services Inc. raised its stake in Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 521 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $31,000. Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.99% of the company's stock.

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.

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