Weyerhaeuser (NYSE:WY) Price Target Raised to $37.00

Weyerhaeuser (NYSE:WY) had its target price boosted by Royal Bank of Canada from $34.00 to $37.00 in a report issued on Monday, Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on WY. Truist Financial dropped their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set a hold rating for the company in a research report on Monday. DA Davidson cut their price objective on Weyerhaeuser from $37.00 to $36.00 and set a buy rating on the stock in a research note on Monday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Weyerhaeuser currently has an average rating of Hold and a consensus price target of $35.83.

Weyerhaeuser Stock Performance

WY opened at $31.76 on Monday. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a quick ratio of 1.58, a current ratio of 2.19 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $23.10 billion, a P/E ratio of 28.87 and a beta of 1.39. The firm’s 50 day moving average is $29.28 and its 200-day moving average is $31.78.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the business earned $0.32 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Analysts expect that Weyerhaeuser will post 0.76 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s payout ratio is 72.73%.

Insider Buying and Selling

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $29.40, for a total transaction of $169,814.40. Following the completion of the transaction, the director now owns 5,790 shares in the company, valued at $170,226. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in Weyerhaeuser by 3.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 896,881 shares of the real estate investment trust’s stock valued at $32,207,000 after acquiring an additional 31,355 shares in the last quarter. Cullen Investment Group LTD. acquired a new position in Weyerhaeuser during the 4th quarter valued at about $1,843,000. Slagle Financial LLC raised its position in shares of Weyerhaeuser by 101.7% during the 4th quarter. Slagle Financial LLC now owns 114,270 shares of the real estate investment trust’s stock worth $3,973,000 after buying an additional 57,608 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Weyerhaeuser by 1,548.8% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 79,850 shares of the real estate investment trust’s stock worth $2,776,000 after acquiring an additional 75,007 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Weyerhaeuser by 243.3% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 342,530 shares of the real estate investment trust’s stock valued at $12,300,000 after acquiring an additional 242,744 shares in the last quarter. Institutional investors 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.