Weyerhaeuser (NYSE:WY) Earns “Buy” Rating from DA Davidson

Weyerhaeuser (NYSE:WY)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a report issued on Monday,Benzinga reports. They currently have a $31.00 target price on the real estate investment trust’s stock. DA Davidson’s price objective points to a potential upside of 16.17% from the stock’s previous close.

A number of other research analysts also recently weighed in on the company. CIBC reissued an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th. UBS Group reiterated a “buy” rating on shares of Weyerhaeuser in a report on Monday, December 15th. Truist Financial lifted their price target on shares of Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.63.

Weyerhaeuser Stock Up 3.3%

WY stock opened at $26.68 on Monday. The firm has a market cap of $19.24 billion, a PE ratio of 60.65, a PEG ratio of 97.90 and a beta of 1.03. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $31.66. The company has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $24.43. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the business posted $0.11 earnings per share. The business’s quarterly revenue was down 9.8% on a year-over-year basis. Sell-side analysts anticipate that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other Weyerhaeuser news, CEO Devin W. Stockfish sold 90,162 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sara Grootwassink Lewis acquired 4,500 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the acquisition, the director owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is owned by corporate insiders.

Institutional Trading of Weyerhaeuser

Hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Weyerhaeuser during the second quarter valued at approximately $600,502,000. Bank of New York Mellon Corp increased its holdings in Weyerhaeuser by 86.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock valued at $348,111,000 after buying an additional 6,284,982 shares during the period. Freestone Grove Partners LP raised its stake in shares of Weyerhaeuser by 124.5% in the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock valued at $166,030,000 after buying an additional 3,713,932 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Weyerhaeuser by 6.3% during the 3rd quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock worth $982,847,000 after acquiring an additional 2,343,724 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Weyerhaeuser by 86.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,300,937 shares of the real estate investment trust’s stock worth $106,620,000 after acquiring an additional 1,990,806 shares during the period. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.