StockNews.com Downgrades Weyerhaeuser (NYSE:WY) to Sell

StockNews.com cut shares of Weyerhaeuser (NYSE:WY) from a hold rating to a sell rating in a report issued on Wednesday morning.

WY has been the subject of several other research reports. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Friday, December 6th. Truist Financial decreased their price target on shares of Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Raymond James raised Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. Cibc World Mkts upgraded Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Finally, Citigroup cut their price target on Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of “Moderate Buy” and an average target price of $35.14.

Weyerhaeuser Price Performance

WY opened at $30.57 on Wednesday. The stock’s 50-day moving average price is $29.73 and its 200 day moving average price is $30.90. Weyerhaeuser has a 12-month low of $26.73 and a 12-month high of $36.27. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 41.31 and a beta of 1.42. The company has a current ratio of 2.01, a quick ratio of 1.41 and a debt-to-equity ratio of 0.49.

Weyerhaeuser Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, November 29th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 108.11%.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oakworth Capital Inc. purchased a new stake in shares of Weyerhaeuser during the 3rd quarter worth approximately $25,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 928 shares in the last quarter. Bangor Savings Bank lifted its position in Weyerhaeuser by 140.3% in the third quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 651 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 719 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in Weyerhaeuser in the third quarter valued at $45,000. 82.99% of the stock is owned by institutional investors and hedge funds.

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.