Weyerhaeuser (NYSE:WY) Receives $36.33 Average Target Price from Brokerages

Weyerhaeuser (NYSE:WY) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $36.33.

A number of equities analysts recently issued reports on the company. Truist Financial raised their target price on Weyerhaeuser from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Monday. Finally, BMO Capital Markets upgraded Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price on the stock in a research report on Friday, December 6th.

Weyerhaeuser Stock Performance

WY opened at $29.38 on Friday. The company has a market cap of $21.35 billion, a P/E ratio of 39.70 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $31.58 and its 200-day moving average price is $30.86. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. Weyerhaeuser’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, equities analysts anticipate that Weyerhaeuser will post 0.46 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.72%. Weyerhaeuser’s payout ratio is 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

Several institutional investors have recently made changes to their positions in WY. Wellington Management Group LLP boosted its position in Weyerhaeuser by 12.7% during the third quarter. Wellington Management Group LLP now owns 35,755,865 shares of the real estate investment trust’s stock worth $1,210,694,000 after purchasing an additional 4,035,048 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Weyerhaeuser by 257.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,472,451 shares of the real estate investment trust’s stock valued at $151,437,000 after buying an additional 3,220,235 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Weyerhaeuser by 2,664.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,195,958 shares of the real estate investment trust’s stock valued at $74,355,000 after acquiring an additional 2,116,520 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Weyerhaeuser by 30.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,603,246 shares of the real estate investment trust’s stock worth $291,306,000 after acquiring an additional 2,004,073 shares in the last quarter. Finally, Millennium Management LLC raised its position in Weyerhaeuser by 512.3% during the second quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock worth $44,386,000 after acquiring an additional 1,308,125 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.