Weyerhaeuser Company (WY) Receives Consensus Rating of “Hold” from Analysts
Weyerhaeuser Company (NYSE:WY) has been assigned a consensus rating of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $37.33.
A number of brokerages recently weighed in on WY. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Bank of America Corporation lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $36.00 to $35.00 in a research note on Wednesday, July 5th. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) lowered shares of Weyerhaeuser from a “conviction-buy” rating to a “buy” rating and set a $38.00 target price for the company. in a research note on Monday, July 31st. Finally, JMP Securities lowered shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 target price for the company. in a research note on Monday, August 14th.
In other Weyerhaeuser news, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Barnett & Company Inc. bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at about $101,000. Dupont Capital Management Corp bought a new stake in shares of Weyerhaeuser in the 2nd quarter valued at about $109,000. Alexandria Capital LLC raised its holdings in shares of Weyerhaeuser by 0.3% in the 2nd quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 12 shares during the period. Gemmer Asset Management LLC raised its holdings in shares of Weyerhaeuser by 0.5% in the 2nd quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 20 shares during the period. Finally, First Command Bank raised its holdings in shares of Weyerhaeuser by 73.1% in the 2nd quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 1,765 shares during the period. 75.23% of the stock is currently owned by institutional investors.
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Weyerhaeuser (NYSE WY) traded up 0.28% during mid-day trading on Friday, hitting $35.28. The stock had a trading volume of 2,216,235 shares. Weyerhaeuser has a 1-year low of $28.58 and a 1-year high of $35.50. The company has a market cap of $26.56 billion, a P/E ratio of 27.74 and a beta of 1.39. The company has a 50-day moving average price of $33.87 and a 200 day moving average price of $33.39.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. Equities research analysts forecast that Weyerhaeuser will post $1.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.24 annualized dividend and a yield of 3.51%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 97.64%.
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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