Weyerhaeuser (NYSE:WY) Downgraded to Sell Rating by Wall Street Zen

Weyerhaeuser (NYSE:WY) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the company. Citigroup cut their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price on the stock in a research report on Friday, July 10th. Truist Financial reduced their price target on shares of Weyerhaeuser from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Weiss Ratings cut Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and an average target price of $29.00.

Weyerhaeuser Stock Up 1.4%

Shares of NYSE WY opened at $23.97 on Friday. The firm has a 50-day moving average price of $24.05 and a 200 day moving average price of $24.62. Weyerhaeuser has a 52 week low of $21.16 and a 52 week high of $27.75. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 EPS. Equities research analysts anticipate that Weyerhaeuser will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors 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. Parkside Financial Bank & Trust raised its holdings in Weyerhaeuser by 21.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,406 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 428 shares in the last quarter. Summit Financial LLC lifted its holdings in shares of Weyerhaeuser by 1.3% in the fourth quarter. Summit Financial LLC now owns 32,553 shares of the real estate investment trust’s stock valued at $771,000 after buying an additional 428 shares during the period. BOKF NA grew its stake 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 purchasing an additional 463 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Weyerhaeuser by 23.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 472 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

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.