Weyerhaeuser Company (NYSE:WY) Receives $27.88 Consensus PT from Brokerages

Weyerhaeuser Company (NYSE:WY) has received an average rating of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.8750.

WY has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “neutral” rating and set a $26.00 price target (down previously from $29.00) on shares of Weyerhaeuser in a report on Monday, November 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Monday, December 22nd. DA Davidson reduced their price objective on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Royal Bank Of Canada decreased their target price on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, CIBC restated an “outperform” rating on shares of Weyerhaeuser in a research note on Friday, December 12th.

Insiders Place Their Bets

In other news, Director Sara Grootwassink Lewis bought 4,500 shares of the stock in a transaction on Wednesday, December 17th. The stock was acquired at an average price of $23.61 per share, with a total value of $106,245.00. Following the acquisition, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $23.33, for a total value of $2,103,479.46. Following the sale, the chief executive officer owned 1,024,861 shares in the company, valued at approximately $23,910,007.13. This trade represents a 8.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Weyerhaeuser

Several institutional investors and hedge funds have recently made changes to their positions in WY. Exchange Traded Concepts LLC grew its holdings in Weyerhaeuser by 64.2% during the third quarter. Exchange Traded Concepts LLC now owns 127,327 shares of the real estate investment trust’s stock worth $3,156,000 after buying an additional 49,787 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Weyerhaeuser by 11.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,306,064 shares of the real estate investment trust’s stock worth $341,833,000 after acquiring an additional 1,374,109 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth $1,370,000. Norges Bank purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $600,502,000. Finally, Prudential Financial Inc. lifted its position in shares of Weyerhaeuser by 7.4% during the second quarter. Prudential Financial Inc. now owns 423,889 shares of the real estate investment trust’s stock valued at $10,890,000 after purchasing an additional 29,098 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $23.74 on Thursday. The firm has a market cap of $17.11 billion, a PE ratio of 52.75, a price-to-earnings-growth ratio of 124.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.78. The stock’s fifty day moving average price is $22.77 and its two-hundred day moving average price is $24.57. Weyerhaeuser has a one year low of $21.16 and a one year high of $31.66.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 3.04% and a net margin of 4.68%.Weyerhaeuser’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. As a group, research analysts expect that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser’s dividend payout ratio is 186.67%.

About Weyerhaeuser

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.