Weyerhaeuser (NYSE:WY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Weyerhaeuser (NYSE:WY) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $35.00.

A number of equities analysts have weighed in on WY shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Citigroup lowered their target price on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, Truist Financial lowered their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th.

Institutional Trading of Weyerhaeuser

Hedge funds have recently made changes to their positions in the stock. South Plains Financial Inc. acquired a new stake in Weyerhaeuser during the fourth quarter valued at approximately $25,000. Fourth Dimension Wealth LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at approximately $27,000. Assetmark Inc. raised its position in shares of Weyerhaeuser by 290.9% during the 4th quarter. Assetmark Inc. now owns 1,239 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 922 shares in the last quarter. Asset Planning Inc bought a new position in Weyerhaeuser during the fourth quarter worth $36,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in Weyerhaeuser by 136.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 807 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

Weyerhaeuser Stock Performance

Shares of NYSE WY opened at $29.55 on Tuesday. The company has a 50-day simple moving average of $30.04 and a 200-day simple moving average of $30.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The company has a market cap of $21.44 billion, a PE ratio of 53.72, a price-to-earnings-growth ratio of 4.74 and a beta of 1.43. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. On average, equities analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.20. The ex-dividend date was Friday, March 7th. Weyerhaeuser’s dividend payout ratio is presently 152.73%.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.