Weyerhaeuser (NYSE:WY) PT Raised to $34.00 at Truist Financial

Weyerhaeuser (NYSE:WY) had its target price hoisted by Truist Financial from $31.00 to $34.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th. DA Davidson lowered their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Citigroup lowered their price target on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, BMO Capital Markets restated a “market perform” rating and set a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Weyerhaeuser has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Down 2.0 %

WY stock opened at $32.79 on Tuesday. The stock has a market capitalization of $23.85 billion, a P/E ratio of 31.84 and a beta of 1.40. The company has a current ratio of 2.19, a quick ratio of 1.58 and a debt-to-equity ratio of 0.48. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The firm has a 50-day moving average price of $31.81 and a 200-day moving average price of $30.99.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 EPS. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Friday, August 30th. Weyerhaeuser’s dividend payout ratio (DPR) is 77.67%.

Insider Transactions at Weyerhaeuser

In related news, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now directly owns 17,672 shares in the company, valued at $565,680.72. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Weyerhaeuser news, Director James Calvin O’rourke purchased 7,800 shares of Weyerhaeuser stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the transaction, the director now owns 17,672 shares in the company, valued at $565,680.72. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Albert Monaco purchased 31,500 shares of Weyerhaeuser stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $31.38 per share, with a total value of $988,470.00. Following the transaction, the director now owns 70,726 shares in the company, valued at $2,219,381.88. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

Institutional Trading of Weyerhaeuser

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC boosted its holdings in Weyerhaeuser by 6.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 21,900 shares of the real estate investment trust’s stock worth $742,000 after acquiring an additional 1,269 shares during the last quarter. Cultivar Capital Inc. boosted its holdings in Weyerhaeuser by 4.7% during the 3rd quarter. Cultivar Capital Inc. now owns 326,146 shares of the real estate investment trust’s stock worth $11,043,000 after acquiring an additional 14,650 shares during the last quarter. Naviter Wealth LLC boosted its holdings in Weyerhaeuser by 1.7% during the 3rd quarter. Naviter Wealth LLC now owns 47,049 shares of the real estate investment trust’s stock worth $1,593,000 after acquiring an additional 782 shares during the last quarter. SPC Financial Inc. boosted its holdings in Weyerhaeuser by 8.6% during the 3rd quarter. SPC Financial Inc. now owns 15,182 shares of the real estate investment trust’s stock worth $514,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Wolff Wiese Magana LLC purchased a new position in Weyerhaeuser during the 3rd quarter worth $403,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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.