Weyerhaeuser Company (NYSE:WY) Receives Average Rating of “Hold” from Analysts

Weyerhaeuser Company (NYSE:WY) has been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $28.6250.

A number of research firms have recently weighed in on WY. UBS Group reissued a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Truist Financial raised their price objective on shares of Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, February 2nd. Bank of America reaffirmed a “neutral” rating and set a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a research report on Monday, November 17th. Zacks Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 14th.

Insider Activity at Weyerhaeuser

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

Institutional Trading of Weyerhaeuser

Several hedge funds have recently made changes to their positions in the stock. NovaPoint Capital LLC grew its stake in Weyerhaeuser by 2.7% during the 4th quarter. NovaPoint Capital LLC now owns 14,857 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 385 shares during the last quarter. Brighton Jones LLC grew its position in shares of Weyerhaeuser by 4.2% during the second quarter. Brighton Jones LLC now owns 10,178 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 409 shares during the last quarter. BOKF NA increased its holdings in shares of Weyerhaeuser by 4.6% in the 3rd 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 during the period. EverSource Wealth Advisors LLC lifted its position in Weyerhaeuser by 23.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 472 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in Weyerhaeuser by 27.6% in the 4th quarter. CoreCap Advisors LLC now owns 2,249 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 487 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Weyerhaeuser stock opened at $27.08 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. The firm’s fifty day moving average price is $24.98 and its 200 day moving average price is $24.50. The company has a market capitalization of $19.52 billion, a price-to-earnings ratio of 61.54 and a beta of 1.03. Weyerhaeuser has a 12-month low of $21.16 and a 12-month high of $31.66.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

About Weyerhaeuser

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.