Weyerhaeuser (NYSE:WY) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a report released on Saturday morning.

A number of other equities research analysts have also weighed in on the stock. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 12th. Bank of America reissued a “neutral” rating and issued a $26.00 price objective (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Royal Bank Of Canada decreased their price target on Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, Truist Financial raised their price objective on Weyerhaeuser from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $25.29 on Friday. Weyerhaeuser has a twelve month low of $21.16 and a twelve month high of $31.66. The stock’s 50 day moving average is $25.42 and its 200-day moving average is $24.52. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 57.47 and a beta of 1.03.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a net margin of 4.69% and a return on equity of 1.50%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business posted $0.11 EPS. Weyerhaeuser’s quarterly revenue was down 9.8% on a year-over-year basis. Sell-side analysts forecast that Weyerhaeuser will post 0.78 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s payout ratio is 190.91%.

Insider Activity at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the acquisition, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Calvin O’rourke bought 4,000 shares of the company’s stock in a transaction on Friday, February 20th. The stock was bought at an average price of $25.35 per share, for a total transaction of $101,400.00. Following the completion of the purchase, the director owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. The trade was a 16.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 28,500 shares of company stock worth $721,645 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. raised its stake in Weyerhaeuser by 86.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 521 shares during the period. Tradewinds Capital Management LLC increased its stake in shares of Weyerhaeuser by 401.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares in the last quarter. Cromwell Holdings LLC raised its position in shares of Weyerhaeuser by 58.3% in the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Weyerhaeuser during the 4th quarter valued at approximately $39,000. Finally, Addison Advisors LLC boosted its holdings in Weyerhaeuser by 83.4% in the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 757 shares during the period. 82.99% of the stock is owned by institutional investors.

Weyerhaeuser Company Profile

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.