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

Weyerhaeuser Company (NYSE:WY) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.8750.

A number of equities research analysts recently commented on WY shares. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce set a $28.00 price objective on Weyerhaeuser in a research note on Thursday, April 23rd. DA Davidson reissued a “buy” rating and set a $31.00 price objective on shares of Weyerhaeuser in a research note on Monday, May 4th. Truist Financial reduced their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Wednesday, April 15th. Finally, Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th.

Weyerhaeuser Price Performance

NYSE:WY opened at $24.31 on Thursday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $17.53 billion, a P/E ratio of 45.02, a P/E/G ratio of 1.41 and a beta of 0.89. Weyerhaeuser has a 12 month low of $21.16 and a 12 month high of $27.75. The business’s 50-day moving average is $24.23 and its 200 day moving average is $24.46.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. Weyerhaeuser had a return on equity of 1.45% and a net margin of 5.78%.The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities research analysts forecast that Weyerhaeuser will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 5th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

Institutional Investors Weigh In On Weyerhaeuser

Large investors have recently added to or reduced their stakes in the stock. Essential Partners LLC grew its stake in shares of Weyerhaeuser by 120,800.0% during the first quarter. Essential Partners LLC now owns 1,209 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,208 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $39,000. Addison Advisors LLC grew its stake in shares of Weyerhaeuser by 83.4% during the fourth quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 757 shares during the last quarter. Bayban bought a new position in shares of Weyerhaeuser during the fourth quarter valued at approximately $41,000. Finally, Optiver Holding B.V. bought a new position in shares of Weyerhaeuser during the third quarter valued at approximately $42,000. 82.99% of the stock is owned by institutional investors.

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.