StockNews.com began coverage on shares of Weyerhaeuser (NYSE:WY – Get Rating) in a research note released on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.
A number of other research analysts have also issued reports on the stock. Citigroup increased their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a buy rating in a research report on Tuesday, January 31st. Raymond James raised their price objective on Weyerhaeuser from $38.00 to $42.00 and gave the stock a strong-buy rating in a research note on Monday, February 13th. Finally, BMO Capital Markets cut their target price on Weyerhaeuser from $42.00 to $36.00 and set a market perform rating for the company in a research report on Monday, February 6th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $37.43.
Weyerhaeuser Price Performance
Shares of NYSE WY opened at $29.21 on Thursday. The business’s 50 day moving average price is $32.07 and its two-hundred day moving average price is $31.45. The company has a market cap of $21.39 billion, a PE ratio of 11.55 and a beta of 1.47. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. Weyerhaeuser has a twelve month low of $27.36 and a twelve month high of $42.86.
Weyerhaeuser Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Friday, March 3rd were given a $0.19 dividend. The ex-dividend date was Thursday, March 2nd. This represents a $0.76 annualized dividend and a yield of 2.60%. Weyerhaeuser’s payout ratio is 30.04%.
Insider Activity at Weyerhaeuser
In other Weyerhaeuser news, CEO Devin W. Stockfish sold 1,800 shares of Weyerhaeuser stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $36.00, for a total transaction of $64,800.00. Following the transaction, the chief executive officer now owns 567,381 shares of the company’s stock, valued at approximately $20,425,716. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Fairfield Bush & CO. purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at $52,000. Cibc World Market Inc. purchased a new position in shares of Weyerhaeuser during the 1st quarter valued at $1,440,000. Dimensional Fund Advisors LP grew its position in shares of Weyerhaeuser by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 414,977 shares of the real estate investment trust’s stock valued at $15,730,000 after purchasing an additional 5,984 shares in the last quarter. Candriam Luxembourg S.C.A. grew its position in shares of Weyerhaeuser by 2.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,422 shares of the real estate investment trust’s stock valued at $1,570,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in shares of Weyerhaeuser by 10.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 6,381 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 596 shares in the last quarter. 80.86% of the stock is currently owned by hedge funds and other institutional investors.
Weyerhaeuser Co engages in the manufacture, distribution, and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.
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