Weyerhaeuser (NYSE:WY) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Other analysts have also recently issued reports about the company. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Citigroup lowered their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. CIBC upgraded shares of Weyerhaeuser from a “neutral” rating to an “outperformer” rating and set a $35.00 price objective for the company in a report on Wednesday, January 15th. BMO Capital Markets raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Finally, Truist Financial dropped their price objective on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.14.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $30.64 on Wednesday. The company’s fifty day moving average price is $29.74 and its 200 day moving average price is $30.90. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock has a market capitalization of $22.27 billion, a P/E ratio of 41.41 and a beta of 1.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 4.21% and a net margin of 7.43%. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.49 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.20 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.80 annualized dividend and a yield of 2.61%. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

A number of hedge funds and other institutional investors have recently made changes to their positions in WY. Wellington Management Group LLP lifted its holdings in shares of 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 during the period. State Street Corp grew its position in Weyerhaeuser by 2.5% during the third quarter. State Street Corp now owns 31,407,646 shares of the real estate investment trust’s stock worth $1,063,463,000 after buying an additional 761,757 shares during the period. Geode Capital Management LLC boosted its position in shares of Weyerhaeuser by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 19,534,058 shares of the real estate investment trust’s stock worth $659,422,000 after buying an additional 217,510 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Weyerhaeuser by 2.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,852,503 shares of the real estate investment trust’s stock valued at $247,793,000 after acquiring an additional 249,257 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust’s stock worth $295,940,000 after purchasing an additional 454,095 shares during the last quarter. Hedge funds and other institutional investors 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.