Weyerhaeuser (NYSE:WY) Earns Buy Rating from DA Davidson

Key Points

• DA Davidson has reaffirmed Weyerhaeuser's stock with a buy rating and a price target of $35.00, suggesting a potential upside of 42.85% from its current price.
• The company's latest earnings report revealed a net margin of 3.97% and earnings per share of $0.12, beating expectations but showing a revenue decline of 2.8% year-over-year.
• Insider trading activity includes Director Sara Grootwassink Lewis purchasing 4,000 shares, increasing her ownership by 22.89%, while institutional investors hold approximately 82.99% of the company’s stock.

Weyerhaeuser (NYSE:WY - Get Free Report)'s stock had its "buy" rating reaffirmed by DA Davidson in a research report issued on Monday,Benzinga reports. They currently have a $35.00 price target on the real estate investment trust's stock. DA Davidson's price objective would indicate a potential upside of 42.85% from the company's current price.

WY has been the subject of several other reports. JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. Citigroup reduced their price objective on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a report on Tuesday, June 3rd. Wall Street Zen downgraded Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Truist Financial reduced their price objective on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. Finally, CIBC dropped their target price on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.88.

Weyerhaeuser Stock Down 0.2%

WY traded down $0.04 during trading on Monday, reaching $24.50. The stock had a trading volume of 379,530 shares, compared to its average volume of 4,101,116. Weyerhaeuser has a one year low of $23.98 and a one year high of $34.01. 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 stock's 50 day moving average is $25.49 and its two-hundred day moving average is $26.19. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 64.58, a P/E/G ratio of 106.02 and a beta of 1.07.

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

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis bought 4,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director owned 21,478 shares of the company's stock, valued at $543,178.62. This trade represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.

Institutional Trading of Weyerhaeuser

Large investors have recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. bought a new stake in Weyerhaeuser in the 1st quarter worth approximately $29,000. Hantz Financial Services Inc. increased its position in shares of Weyerhaeuser by 86.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 521 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $31,000. Costello Asset Management INC bought a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC bought a new position in shares of Weyerhaeuser during the 1st quarter valued at approximately $36,000. Institutional investors 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.

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