Weyerhaeuser (NYSE:WY) Stock Price Breaks Above 50 Day Moving Average After Analyst Downgrade

Weyerhaeuser Company (NYSE:WY)’s stock price crossed above its 50 day moving average during trading on Monday after Citigroup raised their price target on the stock from $21.00 to $23.00. The stock has a 50 day moving average of $20.81 and traded as high as $21.42. Citigroup currently has a buy rating on the stock. Weyerhaeuser shares last traded at $21.2510, with a volume of 10,785,249 shares.

A number of other equities analysts also recently commented on WY. The Goldman Sachs Group restated a “buy” rating and set a $27.00 price objective on shares of Weyerhaeuser in a research note on Friday. JPMorgan Chase & Co. lowered their target price on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. Seaport Research Partners set a $30.00 target price on Weyerhaeuser in a report on Thursday, October 8th. Truist Financial reduced their price target on Weyerhaeuser from $28.00 to $24.00 and set a “hold” rating for the company in a research report on Monday, October 12th. Finally, Royal Bank Of Canada decreased their price target on Weyerhaeuser from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WY. Pine Haven Investment Counsel Inc raised its stake in Weyerhaeuser by 8.2% in the third quarter. Pine Haven Investment Counsel Inc now owns 12,490 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 943 shares during the period. Rakuten Investment Management Inc. boosted its stake in shares of Weyerhaeuser by 9.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 129,384 shares of the real estate investment trust’s stock worth $2,529,000 after acquiring an additional 11,449 shares during the period. Markel Group Inc. increased its holdings in shares of Weyerhaeuser by 68.3% during the 3rd quarter. Markel Group Inc. now owns 202,000 shares of the real estate investment trust’s stock worth $3,848,000 after acquiring an additional 82,000 shares during the last quarter. AIA Group Ltd increased its holdings in shares of Weyerhaeuser by 62.6% during the 3rd quarter. AIA Group Ltd now owns 1,162,608 shares of the real estate investment trust’s stock worth $22,148,000 after acquiring an additional 447,617 shares during the last quarter. Finally, Associated Banc Corp acquired a new position in shares of Weyerhaeuser during the 3rd quarter worth approximately $746,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser Trading Up 4.4%

The business has a 50 day moving average of $20.81 and a two-hundred day moving average of $23.67. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The firm has a market cap of $15.32 billion, a P/E ratio of 34.28, a PEG ratio of 2.36 and a beta of 0.92.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts predict that Weyerhaeuser Company will post 0.27 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 annualized dividend and a dividend yield of 4.0%. Weyerhaeuser’s dividend payout ratio is presently 135.48%.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is a real estate investment trust focused on timberlands and wood products. The company owns or controls approximately 10.4 million acres of timberlands in the United States and manages additional timberlands under long-term licenses. Its operations are concentrated in major timber-producing regions, including the Pacific Northwest, the South and the Western United States.

Weyerhaeuser’s principal products include lumber, engineered wood products, structural panels and other materials used in residential and commercial construction.