Weyerhaeuser Co. has experienced fluctuating stock performance, with both steady and rising occurrences, despite occasionally underperforming the market. Analysts have given the company a \"Market Perform\" rating, yet the company remains committed to long-term growth as it acquires high-quality timberlands in Alabama and continues to invest in rural Washington communities. Company’s Q2 earnings and net sales missed estimates, however, the following quarter saw strong EBITDA growth amid market challenges. Both
Quadrature Capital Ltd and
Swedbank AB have made significant share purchases while M&G Plc and Keynote Financial Services LLC started new holdings. Conversely, there were some selloffs by
Public Employees Retirement System of Ohio and
Swiss National Bank. The target stock price was cut to $36.00 by Citigroup but was later raised to $37.00 by the Royal Bank of Canada.
Weyerhaeuser declared a dividend increase of 5.3% and a supplemental dividend on common shares. The housing sector remains a key demand driver for their timber. The company has announced a carbon sequestration exploration agreement with Lapis Energy and is projected to post FY2025 earnings at $1.00 per share.
Weyerhaeuser Company WY News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 04 Aug 2024 03:36:25 GMT -
Rating 3
- Innovation -4
- Information 8
- Rumor -2
