Share on StockTwits

Shares of Weyerhaeuser (NYSE:WY) were the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 25,196,997 shares, a decrease of 69.2% from the July 15th total of 81,719,472 shares, AR Network reports. Based on an average daily volume of 4,538,444 shares, the days-to-cover ratio is presently 5.6 days. Currently, 4.4% of the shares of the stock are short sold.

A number of research firms have recently commented on WY. Analysts at Longbow Research raised their price target on shares of Weyerhaeuser from $35.00 to $39.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Weyerhaeuser in a research note on Thursday, August 7th. They now have a $33.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Weyerhaeuser from $36.00 to $37.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Weyerhaeuser has an average rating of “Buy” and a consensus price target of $36.25.

Shares of Weyerhaeuser (NYSE:WY) opened at 32.96 on Monday. Weyerhaeuser has a 52-week low of $26.64 and a 52-week high of $33.75. The stock has a 50-day moving average of $32.30 and a 200-day moving average of $30.56. The company has a market cap of $17.413 billion and a price-to-earnings ratio of 29.15.

Weyerhaeuser (NYSE:WY) last released its earnings data on Friday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts predict that Weyerhaeuser will post $1.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.22.

Weyerhaeuser Company, formerly Weyerhaeuser Timber Company, is a forest products company. The Company is engaged in growing and harvesting trees, builds homes and making a range of forest products.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.