Shares of Weyerhaeuser Company (NYSE:WY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.00.
A number of equities analysts have issued reports on the company. Citigroup cut their target price on Weyerhaeuser from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday. Raymond James Financial upgraded shares of Weyerhaeuser from an "outperform" rating to a "strong-buy" rating and set a $30.00 price target for the company in a research note on Friday, July 10th. Royal Bank Of Canada reiterated an "outperform" rating and set a $30.00 price objective on shares of Weyerhaeuser in a research note on Friday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of Weyerhaeuser from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Finally, Wall Street Zen raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Sunday, August 2nd.
Get Our Latest Analysis on Weyerhaeuser
Weyerhaeuser Stock Performance
NYSE:WY opened at $25.43 on Friday. The firm has a 50-day moving average of $24.27 and a two-hundred day moving average of $24.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The stock has a market cap of $18.33 billion, a P/E ratio of 39.12, a PEG ratio of 1.40 and a beta of 0.89. Weyerhaeuser has a 1-year low of $21.16 and a 1-year high of $27.75.
Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.The company's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 earnings per share. On average, research analysts expect that Weyerhaeuser will post 0.31 earnings per share for the current fiscal year.
Weyerhaeuser Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 5th. Weyerhaeuser's dividend payout ratio is currently 129.23%.
Institutional Trading of Weyerhaeuser
Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC lifted its position in shares of Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust's stock worth $891,242,000 after buying an additional 23,485,504 shares during the last quarter. Norges Bank bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $549,531,000. Bank of New York Mellon Corp acquired a new stake in Weyerhaeuser during the second quarter worth about $468,969,000. Manning & Napier Advisors LLC acquired a new stake in Weyerhaeuser during the first quarter worth about $101,969,000. Finally, Freestone Grove Partners LP lifted its holdings in Weyerhaeuser by 124.5% in the third quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust's stock worth $166,030,000 after acquiring an additional 3,713,932 shares during the last quarter. Institutional investors own 82.99% of the company's stock.
About Weyerhaeuser
(
Get Free Report)
Weyerhaeuser Company NYSE: WY is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.
Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.
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