Weyerhaeuser Company (NYSE:WY) Given Average Rating of “Moderate Buy” by Brokerages

Weyerhaeuser Company (NYSE:WY) has earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.1111.

A number of equities analysts have recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Weyerhaeuser in a report on Tuesday, June 30th. Citigroup lowered their price target on Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings lowered Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 25th. Truist Financial cut their price objective on Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Finally, Canadian Imperial Bank of Commerce set a $28.00 target price on shares of Weyerhaeuser in a research note on Thursday, April 23rd.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tema ETFs LLC increased its holdings in shares of Weyerhaeuser by 10.3% during the second quarter. Tema ETFs LLC now owns 13,992 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 1,305 shares in the last quarter. Pine Haven Investment Counsel Inc raised its stake in shares of Weyerhaeuser by 11.4% in the second quarter. Pine Haven Investment Counsel Inc now owns 11,547 shares of the real estate investment trust’s stock valued at $276,000 after acquiring an additional 1,180 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in shares of Weyerhaeuser by 23.7% in the 2nd quarter. First Heartland Consultants Inc. now owns 45,343 shares of the real estate investment trust’s stock worth $1,086,000 after acquiring an additional 8,674 shares in the last quarter. Cultivar Capital Inc. boosted its holdings in shares of Weyerhaeuser by 2.9% in the 2nd quarter. Cultivar Capital Inc. now owns 615,297 shares of the real estate investment trust’s stock worth $14,730,000 after acquiring an additional 17,587 shares in the last quarter. Finally, Czech National Bank grew its position in Weyerhaeuser by 4.6% during the 2nd quarter. Czech National Bank now owns 205,236 shares of the real estate investment trust’s stock worth $4,913,000 after acquiring an additional 9,003 shares during the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Stock Performance

NYSE:WY opened at $23.47 on Monday. Weyerhaeuser has a 12-month low of $21.16 and a 12-month high of $27.75. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $16.93 billion, a PE ratio of 43.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. The firm has a 50-day moving average price of $23.98 and a 200 day moving average price of $24.62.

Weyerhaeuser (NYSE:WY) last announced its quarterly 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 firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. Research analysts anticipate that Weyerhaeuser will post 0.32 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Friday, June 5th were given a dividend of $0.21 per share. The ex-dividend date was Friday, June 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.6%. Weyerhaeuser’s dividend payout ratio (DPR) is 155.56%.

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.