Weyerhaeuser’s (WY) “Buy” Rating Reaffirmed at Argus
Weyerhaeuser Co. (NYSE:WY)‘s stock had its “buy” rating reissued by research analysts at Argus in a research report issued on Tuesday.
Several other equities analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Tuesday, July 19th. Dundee Securities downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating in a research note on Friday, August 12th. DA Davidson upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, June 29th. They noted that the move was a valuation call. Finally, Citigroup Inc. boosted their price target on shares of Weyerhaeuser from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Weyerhaeuser presently has an average rating of “Buy” and a consensus target price of $35.00.
Weyerhaeuser (NYSE:WY) opened at 30.34 on Tuesday. Weyerhaeuser has a 52-week low of $22.06 and a 52-week high of $33.17. The firm has a market capitalization of $22.72 billion, a P/E ratio of 39.10 and a beta of 1.44. The company has a 50 day moving average price of $31.58 and a 200 day moving average price of $30.92.
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Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business earned $1.41 billion during the quarter, compared to analyst estimates of $7.54 billion. Weyerhaeuser had a return on equity of 8.35% and a net margin of 7.24%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. On average, equities analysts forecast that Weyerhaeuser will post $1.03 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a $0.31 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $1.24 dividend on an annualized basis and a yield of 4.12%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 158.98%.
In other news, VP Rhonda D. Hunter sold 3,292 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $30.00, for a total value of $98,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeanne M. Hillman sold 59,686 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $32.58, for a total transaction of $1,944,569.88. Following the completion of the sale, the vice president now directly owns 70,651 shares of the company’s stock, valued at $2,301,809.58. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Carnick & Kubik Group LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $1,402,000. Williams Jones & Associates LLC boosted its stake in shares of Weyerhaeuser by 18.1% in the second quarter. Williams Jones & Associates LLC now owns 393,469 shares of the real estate investment trust’s stock worth $11,714,000 after buying an additional 60,210 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $898,000. Kentucky Retirement Systems acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $1,891,000. Finally, Mason Street Advisors LLC acquired a new stake in shares of Weyerhaeuser during the second quarter worth approximately $2,996,000. 75.77% of the stock is owned by institutional investors and hedge funds.
Weyerhaeuser Company Profile
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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