Weyerhaeuser Company (NYSE:WY) Receives $32.75 Average Price Target from Analysts

Key Points

• Weyerhaeuser Company has received an average analyst rating of "Moderate Buy", with ten analysts covering the stock, including seven buy ratings and one strong buy rating.
• Director Sara Grootwassink Lewis increased her stake by purchasing 4,000 shares at $25.29 each, raising her total ownership in the company by 22.89%.
• The company recently declared a quarterly dividend of $0.21 per share, representing an annual yield of 3.4%, with a high dividend payout ratio of 221.05%.

Shares of Weyerhaeuser Company (NYSE:WY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $32.8750.

WY has been the topic of a number of recent analyst reports. DA Davidson reduced their price target on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. The Goldman Sachs Group lowered Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. CIBC reduced their price target on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. Finally, JPMorgan Chase & Co. reduced their price target on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis bought 4,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director owned 21,478 shares of the company's stock, valued at $543,178.62. This represents a 22.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.27% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in shares of Weyerhaeuser by 38.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 6,630 shares of the real estate investment trust's stock worth $170,000 after buying an additional 1,846 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth $49,000. CANADA LIFE ASSURANCE Co raised its position in shares of Weyerhaeuser by 4.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 860,250 shares of the real estate investment trust's stock worth $22,118,000 after buying an additional 40,493 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Weyerhaeuser in the 2nd quarter worth $55,000. Finally, Corient Private Wealth LLC raised its position in shares of Weyerhaeuser by 68.1% in the 2nd quarter. Corient Private Wealth LLC now owns 350,738 shares of the real estate investment trust's stock worth $9,009,000 after buying an additional 142,053 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Price Performance

NYSE:WY traded down $0.45 during trading hours on Tuesday, reaching $24.49. 4,855,151 shares of the company traded hands, compared to its average volume of 3,911,122. The firm's 50-day moving average is $25.69 and its 200-day moving average is $26.52. The stock has a market cap of $17.67 billion, a P/E ratio of 64.45, a P/E/G ratio of 78.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. Weyerhaeuser has a 1-year low of $24.10 and a 1-year high of $34.03.

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

Weyerhaeuser Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is 221.05%.

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.