Weyerhaeuser (NYSE:WY - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut their price target on Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, September 17th. CIBC cut their price target on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a report on Thursday, September 11th. Truist Financial cut their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a report on Monday, July 28th. Wall Street Zen cut Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Finally, DA Davidson reissued a "buy" rating and issued a $35.00 price target on shares of Weyerhaeuser in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Weyerhaeuser presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.88.
Read Our Latest Stock Analysis on Weyerhaeuser
Weyerhaeuser Price Performance
WY traded up $0.14 during trading on Wednesday, reaching $24.56. 1,275,862 shares of the stock were exchanged, compared to its average volume of 4,108,144. The business's 50 day moving average price is $25.35 and its two-hundred day moving average price is $25.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.04 and a quick ratio of 0.68. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 64.62, a P/E/G ratio of 124.51 and a beta of 1.05. Weyerhaeuser has a 1 year low of $23.98 and a 1 year high of $33.56.
Weyerhaeuser (NYSE:WY - Get Free Report) last posted its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.
Insider Transactions at Weyerhaeuser
In other Weyerhaeuser news, Director Sara Grootwassink Lewis purchased 4,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the purchase, the director owned 21,478 shares in the company, valued at approximately $543,178.62. This represents a 22.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.27% of the company's stock.
Institutional Investors Weigh In On Weyerhaeuser
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC increased its stake in Weyerhaeuser by 8.0% during the first quarter. DAVENPORT & Co LLC now owns 19,932 shares of the real estate investment trust's stock worth $584,000 after acquiring an additional 1,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Weyerhaeuser by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 74,154 shares of the real estate investment trust's stock worth $2,171,000 after acquiring an additional 1,524 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Weyerhaeuser by 232.0% during the first quarter. Farther Finance Advisors LLC now owns 9,476 shares of the real estate investment trust's stock worth $276,000 after acquiring an additional 6,622 shares during the last quarter. J.W. Cole Advisors Inc. increased its stake in Weyerhaeuser by 85.7% during the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust's stock worth $1,087,000 after acquiring an additional 17,132 shares during the last quarter. Finally, CX Institutional acquired a new stake in Weyerhaeuser during the first quarter worth about $119,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.
About Weyerhaeuser
(
Get Free Report)
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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