Weyerhaeuser (NYSE:WY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Weyerhaeuser (NYSE:WY) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $35.14.

A number of analysts have recently issued reports on WY shares. CIBC raised shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, December 23rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. StockNews.com downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Wednesday, January 29th. Finally, Truist Financial cut their target price on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, January 6th.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $30.64 on Monday. The business has a 50-day simple moving average of $29.72 and a 200 day simple moving average of $30.92. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 41.41 and a beta of 1.42. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. On average, research analysts forecast that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.61%. Weyerhaeuser’s payout ratio is currently 108.11%.

Institutional Trading of Weyerhaeuser

A number of institutional investors have recently made changes to their positions in WY. Truist Financial Corp grew its stake in shares of Weyerhaeuser by 2.8% in the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust’s stock worth $1,433,000 after purchasing an additional 1,373 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Weyerhaeuser by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 111,135 shares of the real estate investment trust’s stock worth $3,128,000 after buying an additional 4,733 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Weyerhaeuser by 9.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,603,437 shares of the real estate investment trust’s stock valued at $101,439,000 after buying an additional 299,020 shares during the period. J.W. Cole Advisors Inc. raised its holdings in shares of Weyerhaeuser by 6.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 19,997 shares of the real estate investment trust’s stock valued at $563,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in Weyerhaeuser in the fourth quarter worth $365,000. Hedge funds and other 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.