Weyerhaeuser (NYSE:WY) Upgraded at Wall Street Zen

Weyerhaeuser (NYSE:WY - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

WY has been the topic of several other research reports. The Goldman Sachs Group downgraded shares of Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 23rd. DA Davidson decreased their price target on shares of Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday. Truist Financial cut their price objective on shares of Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Finally, Citigroup lowered their price target on Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

Weyerhaeuser Trading Up 3.2%

Shares of NYSE WY opened at $26.50 on Friday. The business has a 50 day simple moving average of $26.12 and a 200 day simple moving average of $27.62. Weyerhaeuser has a 52 week low of $24.10 and a 52 week high of $34.03. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 69.75, a PEG ratio of 54.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.26 and a current ratio of 2.04.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.93%. Weyerhaeuser's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. On average, research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser announced that its Board of Directors has approved a stock repurchase program on Thursday, May 8th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the real estate investment trust to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Institutional Trading of Weyerhaeuser

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Weyerhaeuser by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 113,775,816 shares of the real estate investment trust's stock valued at $3,331,356,000 after acquiring an additional 339,884 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of Weyerhaeuser by 57.5% during the fourth quarter. Cohen & Steers Inc. now owns 38,928,176 shares of the real estate investment trust's stock worth $1,095,726,000 after purchasing an additional 14,213,243 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Weyerhaeuser by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 35,766,174 shares of the real estate investment trust's stock valued at $1,047,234,000 after buying an additional 193,854 shares during the period. Geode Capital Management LLC grew its holdings in shares of Weyerhaeuser by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 20,171,701 shares of the real estate investment trust's stock valued at $566,527,000 after buying an additional 637,643 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Weyerhaeuser by 3.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,931,955 shares of the real estate investment trust's stock valued at $349,368,000 after buying an additional 440,163 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.