Weyerhaeuser (NYSE:WY) has been given an average recommendation of “Buy” by the twelve research firms that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $38.29.
A number of brokerages have recently issued reports on WY. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Tuesday. Bank of America upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.
A number of hedge funds have recently made changes to their positions in WY. Exane Derivatives lifted its holdings in Weyerhaeuser by 94,833.3% in the 4th quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 2,845 shares in the last quarter. Barrett Asset Management LLC increased its stake in shares of Weyerhaeuser by 102.2% in the 4th quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,584 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Weyerhaeuser by 60.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 1,453 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Weyerhaeuser by 324.7% in the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 3,490 shares during the last quarter. Finally, Truewealth LLC acquired a new stake in shares of Weyerhaeuser in the 4th quarter worth $185,000. Institutional investors own 75.96% of the company’s stock.
Weyerhaeuser stock opened at $36.94 on Friday. Weyerhaeuser has a 12 month low of $30.95 and a 12 month high of $37.89. The company has a market capitalization of $27,582.45, a price-to-earnings ratio of 31.72, a P/E/G ratio of 5.38 and a beta of 1.37. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.47.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business earned $0.14 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. sell-side analysts expect that Weyerhaeuser will post 1.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $1.28 dividend on an annualized basis and a yield of 3.47%. Weyerhaeuser’s payout ratio is currently 111.30%.
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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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