Weyerhaeuser (NYSE:WY) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Weyerhaeuser was upgraded by Wall Street Zen from “sell” to “hold”, while the broader analyst consensus remains Hold with an average price target of $28.50.
• The company recently reported Q1 earnings of $0.11 per share, beating estimates of $0.04, and revenue of $1.73 billion, slightly ahead of expectations despite being down 2% year over year.
• Shares fell 0.7% to $23.53, and recent insider buying by two directors plus heavy institutional ownership suggest continued investor interest in the stock.

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 report released on Saturday.

A number of other research firms have also commented on WY. Truist Financial decreased their price objective on Weyerhaeuser from $29.00 to $28.00 and set a "hold" rating on the stock in a research note on Wednesday, April 15th. DA Davidson reissued a "buy" rating and issued a $31.00 price target on shares of Weyerhaeuser in a research note on Monday, May 4th. Citigroup decreased their price target on Weyerhaeuser from $32.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday. Weiss Ratings raised Weyerhaeuser from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on Weyerhaeuser in a research note on Thursday, April 23rd. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $28.50.

Weyerhaeuser Stock Down 0.7%

WY opened at $23.53 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $16.96 billion, a P/E ratio of 43.57, a PEG ratio of 1.51 and a beta of 0.90. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.86. The business's fifty day simple moving average is $24.25 and its 200 day simple moving average is $24.20.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.28 EPS for the current fiscal year.

Insider Transactions at Weyerhaeuser

In other news, Director James Calvin O'rourke acquired 4,000 shares of Weyerhaeuser stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost of $25.35 per share, with a total value of $101,400.00. Following the purchase, the director directly owned 28,661 shares of the company's stock, valued at approximately $726,556.35. This trade represents a 16.22% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Beckwitt acquired 20,000 shares of Weyerhaeuser stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of $25.70 per share, for a total transaction of $514,000.00. Following the completion of the purchase, the director directly owned 24,066 shares in the company, valued at approximately $618,496.20. This represents a 491.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $39,000. Addison Advisors LLC lifted its stake in shares of Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 757 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Weyerhaeuser in the 3rd quarter valued at about $42,000. Bayban acquired a new position in shares of Weyerhaeuser in the 4th quarter valued at about $41,000. Finally, Costello Asset Management INC lifted its stake in shares of Weyerhaeuser by 118.9% in the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 976 shares in the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company Profile

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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