Weyerhaeuser (NYSE:WY) Upgraded at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen upgraded shares of Weyerhaeuser (NYSE:WY – Free Report) from a sell rating to a hold rating in a research note published on Saturday morning.
WY has been the topic of a number of other reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Monday, December 29th. Zacks Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 12th. Truist Financial raised their price target on shares of Weyerhaeuser from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. DA Davidson lowered their target price on Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Citigroup upped their price target on Weyerhaeuser from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.63.
Check Out Our Latest Stock Analysis on WY
Weyerhaeuser Stock Up 0.3%
WY stock opened at $25.87 on Friday. The company has a market cap of $18.65 billion, a P/E ratio of 58.79, a price-to-earnings-growth ratio of 94.50 and a beta of 1.04. Weyerhaeuser has a fifty-two week low of $21.16 and a fifty-two week high of $31.66. The stock’s 50 day simple moving average is $24.21 and its 200 day simple moving average is $24.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.83 and a current ratio of 1.29.
Weyerhaeuser (NYSE:WY – Get Free Report) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.04. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Weyerhaeuser’s revenue for the quarter was down 9.8% on a year-over-year basis. On average, research analysts expect that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.
Weyerhaeuser Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were paid a $0.21 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.84 annualized dividend and a yield of 3.2%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 190.91%.
Insider Transactions at Weyerhaeuser
In related news, Director Sara Grootwassink Lewis purchased 4,500 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $23.61 per share, for a total transaction of $106,245.00. Following the completion of the transaction, the director directly owned 25,978 shares in the company, valued at approximately $613,340.58. This represents a 20.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Devin W. Stockfish sold 90,162 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $23.33, for a total transaction of $2,103,479.46. Following the sale, the chief executive officer directly owned 1,024,861 shares in the company, valued at $23,910,007.13. This trade represents a 8.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is owned by insiders.
Institutional Investors Weigh In On Weyerhaeuser
Several large investors have recently added to or reduced their stakes in WY. Hantz Financial Services Inc. raised its stake in Weyerhaeuser by 86.3% in the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 521 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in shares of Weyerhaeuser by 401.3% in the 3rd quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC increased its position in shares of Weyerhaeuser by 58.3% during the third quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 501 shares during the period. Private Wealth Asset Management LLC raised its stake in Weyerhaeuser by 135.2% in the second quarter. Private Wealth Asset Management LLC now owns 1,404 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 807 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Weyerhaeuser in the fourth quarter worth about $39,000. Institutional investors own 82.99% of the company’s stock.
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.
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