Weyerhaeuser Company (WY) Given Average Rating of “Buy” by Brokerages
Shares of Weyerhaeuser Company (NYSE:WY) have received a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $36.88.
Several research firms recently commented on WY. ValuEngine raised shares of Weyerhaeuser Company from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Weyerhaeuser Company from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 price objective on shares of Weyerhaeuser Company in a research note on Tuesday, April 18th. BMO Capital Markets reissued a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser Company in a research note on Wednesday, May 17th. Finally, Citigroup Inc. reissued a “buy” rating and set a $39.00 price objective (up previously from $38.00) on shares of Weyerhaeuser Company in a research note on Saturday, April 22nd.
In other Weyerhaeuser Company news, Director Rick R. Holley sold 180,556 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $35.07, for a total value of $6,332,098.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rick R. Holley sold 33,416 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $35.21, for a total transaction of $1,176,577.36. Following the completion of the transaction, the director now owns 571,036 shares of the company’s stock, valued at $20,106,177.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 220,659 shares of company stock valued at $7,742,721. 1.30% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of WY. Russell Investments Group Ltd. bought a new position in shares of Weyerhaeuser Company during the fourth quarter worth $3,087,000. Bessemer Group Inc. raised its position in shares of Weyerhaeuser Company by 62.6% in the fourth quarter. Bessemer Group Inc. now owns 11,583 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 4,461 shares in the last quarter. Cipher Capital LP bought a new position in shares of Weyerhaeuser Company during the fourth quarter worth $1,361,000. Prudential PLC raised its position in shares of Weyerhaeuser Company by 6.5% in the fourth quarter. Prudential PLC now owns 297,390 shares of the real estate investment trust’s stock worth $8,948,000 after buying an additional 18,192 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Weyerhaeuser Company by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,882 shares of the real estate investment trust’s stock worth $1,290,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.
Shares of Weyerhaeuser Company (WY) traded up 1.13% during mid-day trading on Monday, hitting $34.04. 1,985,675 shares of the company traded hands. The stock has a market capitalization of $25.60 billion, a PE ratio of 23.33 and a beta of 1.46. Weyerhaeuser Company has a 1-year low of $26.55 and a 1-year high of $35.50. The firm’s 50 day moving average price is $33.26 and its 200-day moving average price is $32.74.
Weyerhaeuser Company (NYSE:WY) last announced its earnings results on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.61 billion. Weyerhaeuser Company had a net margin of 16.58% and a return on equity of 6.22%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, equities research analysts forecast that Weyerhaeuser Company will post $1.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.24 dividend on an annualized basis and a yield of 3.64%. Weyerhaeuser Company’s dividend payout ratio is currently 85.52%.
About Weyerhaeuser Company
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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