1 week Ago By ABMN Staff
Weyerhaeuser ( NYSE:WY – Get Free Report ) has received a consensus rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $35.
83. A number of equities research analysts recently weighed in on WY shares. Argus upgraded shares of Weyerhaeuser to a “hold” rating in a report on Friday, August 9th.
Truist Financial lowered their price objective on Weyerhaeuser from $32.00 to $31.00 and set a “hold” rating for the company in a research note on Monday, July 29th.
Royal Bank of Canada lifted their target price on Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, July 29th.
Citigroup lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th.
Finally, DA Davidson cut their price objective on shares of Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, July 29th.
Get Our Latest Research Report on Weyerhaeuser Weyerhaeuser Trading Up 0.6 % Weyerhaeuser ( NYSE:WY – Get Free Report ) last announced its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.
21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01).
Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%.
The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.98 billion.
During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 3.
1% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser will post 0.59 earnings per share for the current fiscal year.
Weyerhaeuser Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.20 per share.
This represents a $0.80 annualized dividend and a dividend yield of 2.64%.
The ex-dividend date is Friday, August 30th. Weyerhaeuser’s dividend payout ratio is presently 72.73%.
Insider Buying and Selling In other news, Director Albert Monaco bought 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were purchased 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 directly owns 70,726 shares in the company, valued at approximately $2,219,381.88.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . 0.27% of the stock is owned by insiders.
Institutional Inflows and Outflows Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in shares of Weyerhaeuser by 5.3% during the fourth quarter.
Van ECK Associates Corp now owns 46,959 shares of the real estate investment trust’s stock valued at $1,633,000 after buying an additional 2,383 shares during the period. Fisher Asset Management LLC increased its holdings in Weyerhaeuser by 132.8% during the 4th quarter.
Fisher Asset Management LLC now owns 24,142 shares of the real estate investment trust’s stock worth $839,000 after acquiring an additional 13,772 shares during the period. Natixis Advisors L.P.
lifted its stake in Weyerhaeuser by 0.3% in the 4th quarter. Natixis Advisors L.
P. now owns 206,599 shares of the real estate investment trust’s stock worth $7,183,000 after purchasing an additional 645 shares in the last quarter. Axxcess Wealth Management LLC purchased a new stake in Weyerhaeuser in the 4th quarter worth approximately $290,000.
Finally, Charles Schwab Investment Management Inc. boosted its holdings in Weyerhaeuser by 2.5% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 8,011,223 shares of the real estate investment trust’s stock valued at $278,550,000 after purchasing an additional 198,789 shares during the period. 82.
99% of the stock is currently owned by hedge funds and other institutional investors. Weyerhaeuser Company Profile ( Get Free Report 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.
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