DA Davidson Reaffirms “Buy” Rating for Weyerhaeuser (NYSE:WY)

Weyerhaeuser (NYSE:WY)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a research report issued on Tuesday,Benzinga reports. They currently have a $31.00 price objective on the real estate investment trust’s stock. DA Davidson’s target price would indicate a potential upside of 28.08% from the company’s current price.

A number of other research firms also recently weighed in on WY. Truist Financial increased their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a report on Monday, February 2nd. New Street Research set a $28.00 price target on Weyerhaeuser in a research report on Friday, December 12th. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. UBS Group restated a “buy” rating on shares of Weyerhaeuser in a research report on Monday, December 15th. Finally, Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Stock Down 0.9%

Shares of NYSE WY opened at $24.20 on Tuesday. The company has a 50 day simple moving average of $25.09 and a 200 day simple moving average of $24.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.29 and a quick ratio of 0.83. Weyerhaeuser has a 1 year low of $21.16 and a 1 year high of $29.58. The firm has a market cap of $17.44 billion, a PE ratio of 55.01 and a beta of 0.98.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.58 billion. During the same period in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. On average, research analysts forecast that Weyerhaeuser will post 0.78 EPS for the current year.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director James Calvin O’rourke bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the transaction, the director directly owned 28,661 shares in the company, valued at approximately $726,556.35. This trade represents a 16.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Beckwitt bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $25.70 per share, with a total value of $514,000.00. Following the purchase, the director directly owned 24,066 shares of the company’s stock, valued at $618,496.20. This trade represents a 491.88% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.27% of the stock is owned by insiders.

Institutional Trading of Weyerhaeuser

Several large investors have recently modified their holdings of WY. Tradewinds Capital Management LLC lifted its position in shares of Weyerhaeuser by 401.3% during the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 959 shares during the period. Cromwell Holdings LLC grew its holdings in Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 501 shares during the period. FNY Investment Advisers LLC bought a new stake in Weyerhaeuser in the fourth quarter valued at $39,000. Addison Advisors LLC increased its stake in Weyerhaeuser by 83.4% in the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 757 shares in the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Weyerhaeuser during the second quarter valued at about $41,000. Institutional investors and hedge funds 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.