Weyerhaeuser (NYSE:WY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Weyerhaeuser (NYSE:WY) have been given an average recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $36.33.

Several analysts recently commented on WY shares. Royal Bank of Canada raised their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. DA Davidson decreased their target price on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. Finally, StockNews.com lowered Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Monday, October 28th.

Weyerhaeuser Trading Down 1.1 %

NYSE:WY opened at $30.68 on Wednesday. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The stock has a fifty day simple moving average of $32.32 and a 200 day simple moving average of $30.79. The firm has a market capitalization of $22.29 billion, a price-to-earnings ratio of 41.45 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.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. Weyerhaeuser’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. Sell-side analysts forecast that Weyerhaeuser will post 0.46 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date is Friday, November 29th. Weyerhaeuser’s dividend payout ratio is presently 108.11%.

Insiders Place Their Bets

In other news, Director Albert Monaco acquired 31,500 shares of Weyerhaeuser stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the completion of the purchase, the director now owns 70,726 shares of the company’s stock, valued at $2,219,381.88. This represents a 80.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James Calvin O’rourke bought 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $32.01 per share, for a total transaction of $249,678.00. Following the completion of the purchase, the director now directly owns 17,672 shares in the company, valued at $565,680.72. The trade was a 79.01 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Oakworth Capital Inc. bought a new position in shares of Weyerhaeuser in the third quarter worth about $25,000. Ridgewood Investments LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at approximately $26,000. Itau Unibanco Holding S.A. bought a new position in Weyerhaeuser in the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the last quarter. Finally, Park Place Capital Corp boosted its position in shares of Weyerhaeuser by 440.5% in the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 82.99% of the company’s stock.

About Weyerhaeuser

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.