Weyerhaeuser Co (NYSE:WY) has earned an average rating of “Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $37.25.
Several equities analysts have recently commented on the company. Stephens initiated coverage on Weyerhaeuser in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective on the stock. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Finally, Argus raised their price target on Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the sale, the insider now owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rick R. Holley sold 227,341 shares of Weyerhaeuser stock in a transaction on Monday, October 16th. The stock was sold at an average price of $35.05, for a total value of $7,968,302.05. The disclosure for this sale can be found here. In the last three months, insiders sold 296,623 shares of company stock valued at $10,452,392. Corporate insiders own 1.20% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Weyerhaeuser by 3.2% in the second quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after acquiring an additional 1,535,736 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Weyerhaeuser by 2.6% in the third quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after acquiring an additional 951,807 shares during the period. Capital World Investors grew its holdings in shares of Weyerhaeuser by 67.0% in the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after acquiring an additional 7,096,454 shares during the period. American Century Companies Inc. grew its holdings in shares of Weyerhaeuser by 5.8% in the third quarter. American Century Companies Inc. now owns 17,058,712 shares of the real estate investment trust’s stock worth $580,508,000 after acquiring an additional 934,684 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Weyerhaeuser by 2.3% in the second quarter. Northern Trust Corp now owns 10,723,639 shares of the real estate investment trust’s stock worth $359,243,000 after acquiring an additional 245,971 shares during the period. 74.77% of the stock is owned by institutional investors.
Shares of Weyerhaeuser (WY) traded down $0.05 during trading on Friday, hitting $35.27. The stock had a trading volume of 2,924,558 shares, compared to its average volume of 2,929,801. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. The company has a market cap of $26,670.00, a price-to-earnings ratio of 71.98, a PEG ratio of 5.44 and a beta of 1.45. Weyerhaeuser has a 12-month low of $29.88 and a 12-month high of $36.92.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 EPS. analysts expect that Weyerhaeuser will post 1.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.32 dividend. This is a positive change from Weyerhaeuser’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, November 30th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.63%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 261.22%.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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