Weyerhaeuser (NYSE:WY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Weyerhaeuser (NYSE:WY) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $34.50.

A number of brokerages have recently issued reports on WY. JPMorgan Chase & Co. initiated coverage on shares of Weyerhaeuser in a report on Tuesday, April 8th. They set an “overweight” rating and a $31.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and set a $36.00 target price on shares of Weyerhaeuser in a research note on Monday, February 3rd. Truist Financial decreased their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. CIBC raised Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a research report on Wednesday, January 15th. Finally, Cibc World Mkts upgraded shares of Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th.

Weyerhaeuser Stock Performance

Shares of Weyerhaeuser stock opened at $25.78 on Friday. The business’s 50 day moving average price is $28.70 and its 200 day moving average price is $29.98. The company has a market cap of $18.72 billion, a price-to-earnings ratio of 46.88, a PEG ratio of 4.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. Weyerhaeuser has a one year low of $24.10 and a one year high of $34.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. On average, research analysts predict that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, March 7th. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s dividend payout ratio is currently 152.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Barclays PLC increased its position in shares of Weyerhaeuser by 9.6% during the third quarter. Barclays PLC now owns 1,754,479 shares of the real estate investment trust’s stock worth $59,406,000 after acquiring an additional 153,919 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in Weyerhaeuser by 6.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 44,481 shares of the real estate investment trust’s stock worth $1,506,000 after purchasing an additional 2,655 shares in the last quarter. Arvest Bank Trust Division purchased a new stake in Weyerhaeuser during the 3rd quarter worth about $997,000. Wilmington Savings Fund Society FSB acquired a new stake in Weyerhaeuser in the 3rd quarter valued at about $1,070,000. Finally, Tidal Investments LLC boosted its stake in shares of Weyerhaeuser by 9.4% in the 3rd quarter. Tidal Investments LLC now owns 258,165 shares of the real estate investment trust’s stock valued at $8,741,000 after buying an additional 22,178 shares during the period. 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.