Weyerhaeuser’s (WY) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Weyerhaeuser (NYSE:WY) in a report issued on Tuesday morning,Benzinga reports. DA Davidson currently has a $31.00 target price on the real estate investment trust’s stock.

Several other research analysts also recently commented on WY. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Weyerhaeuser in a report on Friday, December 12th. Truist Financial raised their price target on Weyerhaeuser from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Weiss Ratings raised Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. New Street Research set a $28.00 price objective on Weyerhaeuser in a research report on Friday, December 12th. Finally, Citigroup increased their price objective on Weyerhaeuser from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $28.88.

Weyerhaeuser Price Performance

Shares of Weyerhaeuser stock opened at $24.43 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29. Weyerhaeuser has a 52-week low of $21.16 and a 52-week high of $29.14. The company has a fifty day moving average of $25.04 and a 200-day moving average of $24.18. The stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 55.51 and a beta of 0.98.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, topping 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 company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue was down 9.8% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, March 10th. Weyerhaeuser’s payout ratio is currently 190.91%.

Insider Buying and Selling

In other Weyerhaeuser news, Director James Calvin O’rourke purchased 4,000 shares of the stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $25.35 per share, with a total value of $101,400.00. Following the transaction, the director directly owned 28,661 shares of the company’s stock, valued at approximately $726,556.35. This trade represents a 16.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Beckwitt acquired 20,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $25.70 per share, with a total value of $514,000.00. Following the acquisition, the director owned 24,066 shares in the company, valued at approximately $618,496.20. This trade represents a 491.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Weyerhaeuser

Several large investors have recently added to or reduced their stakes in WY. First Eagle Investment Management LLC raised its holdings in Weyerhaeuser by 166.1% in the 4th quarter. First Eagle Investment Management LLC now owns 37,621,004 shares of the real estate investment trust’s stock worth $891,242,000 after purchasing an additional 23,485,504 shares in the last quarter. Norges Bank bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $549,531,000. Freestone Grove Partners LP boosted its stake in shares of Weyerhaeuser by 124.5% during the 3rd quarter. Freestone Grove Partners LP now owns 6,697,465 shares of the real estate investment trust’s stock valued at $166,030,000 after purchasing an additional 3,713,932 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Weyerhaeuser by 6.3% during the third quarter. Wellington Management Group LLP now owns 39,646,897 shares of the real estate investment trust’s stock valued at $982,847,000 after buying an additional 2,343,724 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Weyerhaeuser by 86.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,300,937 shares of the real estate investment trust’s stock valued at $106,620,000 after buying an additional 1,990,806 shares during the period. Institutional investors own 82.99% of the company’s stock.

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.