Weyerhaeuser Company sees significant action in asset management with several firms, including Fisher Asset Management LLC and Radnor Capital Management LLC expanding their positions while Meyer Handelman Co. and Fulton Bank N.A. reduced their holdings. The company's stock performance has been oscillating with rises and falls persistently throughout. However, Weyerhaeuser (WY) has a consensus price target of $37.67, and analysts' rating points to a 'Hold'. The production of the company's first quarter and fourth quarter results indicates instability, with the Q1 2024 earnings call transcript available for further insight. The company recently declared supplemental dividend on common shares, increased its regular dividend by 5.3% and completed its initial carbon credit offering. There is active engagement on strategic fronts, with Weyerhaeuser exploring a carbon sequestration agreement with Lapis Energy. In addition, the company has appointed Brian Chaney as the Senior Vice President of Wood Products and improved its southern timberlands portfolio. However, despite these advancements, the company's performance continues to periodically underperform the market. Lastly, the stock is expected to gain more in the coming months with housing being a key demand driver.
Weyerhaeuser Company WY News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sun, 23 Jun 2024 23:18:41 GMT -
Rating 4
- Innovation -3
- Information 6
- Rumor -3
