Weyerhaeuser Company (NYSE:WY) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Weyerhaeuser Company has received an average analyst recommendation of "Moderate Buy" from nine research firms, with a mix of ratings including one sell, one hold, six buy, and one strong buy.
• The stock has a 12-month price target of $32.8750, reflecting adjustments by multiple research firms, including notable drops from DA Davidson and Goldman Sachs.
• Weyerhaeuser announced a quarterly dividend of $0.21 per share, equating to an annual yield of 3.3%, alongside a share buyback program authorized for up to $1 billion.

Weyerhaeuser Company (NYSE:WY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $32.8750.

Several research firms have issued reports on WY. DA Davidson cut their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. The Goldman Sachs Group lowered shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. Truist Financial cut their price target on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. Citigroup dropped their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. Finally, Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was bought at an average cost of $25.29 per share, for a total transaction of $101,160.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.27% of the company's stock.

Institutional Trading of Weyerhaeuser

Several institutional investors and hedge funds have recently bought and sold shares of WY. Waverly Advisors LLC lifted its stake in shares of Weyerhaeuser by 3.3% during the 4th quarter. Waverly Advisors LLC now owns 10,830 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 343 shares in the last quarter. S.A. Mason LLC lifted its stake in shares of Weyerhaeuser by 5.6% during the 1st quarter. S.A. Mason LLC now owns 7,642 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 408 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Weyerhaeuser by 4.2% during the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust's stock valued at $261,000 after buying an additional 409 shares in the last quarter. Wahed Invest LLC lifted its stake in shares of Weyerhaeuser by 2.4% during the 4th quarter. Wahed Invest LLC now owns 18,118 shares of the real estate investment trust's stock valued at $510,000 after buying an additional 420 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Weyerhaeuser by 1.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust's stock valued at $756,000 after buying an additional 445 shares in the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

NYSE WY opened at $25.7550 on Friday. The company has a 50-day simple moving average of $25.94 and a two-hundred day simple moving average of $27.09. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. Weyerhaeuser has a 12-month low of $24.10 and a 12-month high of $34.03. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 67.78, a PEG ratio of 79.69 and a beta of 1.08.

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

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, August 29th. Weyerhaeuser's dividend payout ratio is currently 221.05%.

Weyerhaeuser announced that its board has authorized a share buyback program on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to purchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

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.

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