Weyerhaeuser Company (NYSE:WY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Weyerhaeuser Company (NYSE:WY) have earned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $29.7778.

Several equities research analysts have recently issued reports on WY shares. Wall Street Zen downgraded shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Tuesday. Bank of America reiterated a “neutral” rating and set a $26.00 target price (down previously from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Truist Financial cut their price target on Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th.

Weyerhaeuser Trading Up 0.1%

NYSE WY opened at $22.27 on Friday. Weyerhaeuser has a one year low of $21.16 and a one year high of $32.70. 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 firm has a market cap of $16.06 billion, a P/E ratio of 58.62, a P/E/G ratio of 244.04 and a beta of 1.04. The stock’s 50-day moving average is $23.35 and its 200-day moving average is $25.01.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.Weyerhaeuser’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. Sell-side analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, November 28th. Weyerhaeuser’s dividend payout ratio (DPR) is currently 186.67%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its stake in Weyerhaeuser by 4.2% in the 2nd quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock valued at $261,000 after buying an additional 409 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Weyerhaeuser by 1.5% in the second quarter. Assenagon Asset Management S.A. now owns 29,419 shares of the real estate investment trust’s stock valued at $756,000 after acquiring an additional 445 shares during the last quarter. BOKF NA raised its holdings in Weyerhaeuser by 4.6% during the third quarter. BOKF NA now owns 10,503 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 463 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Weyerhaeuser by 23.6% during the third quarter. Smartleaf Asset Management LLC now owns 2,557 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 488 shares during the last quarter. Finally, SPC Financial Inc. boosted its position in Weyerhaeuser by 3.5% during the first quarter. SPC Financial Inc. now owns 14,595 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Weyerhaeuser

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.