Truist Lifts Price Target on Weyerhaeuser Company (WY) Despite Near-Term Volume Dip

Company Overview - Weyerhaeuser Company (NYSE:WY) is one of the world's largest private timberland owners and a leading manufacturer of lumber, oriented strand board, plywood, and engineered wood products [3] Financial Performance - For Q1 2026, Weyerhaeuser guided Timberlands earnings and adjusted EBITDA to levels similar to Q4 2025, projecting earnings of $50 million and adjusted EBITDA of $114 million [2] - The company reported full-year fee harvest volumes of approximately 35.5 million tons and returned $766 million to shareholders in 2025, which included $160 million in buybacks and a 5% increase in its base dividend [2] - Weyerhaeuser completed a $1 billion repurchase program and authorized a new $1 billion plan, indicating strong capital management [2] Market Position and Strategy - Truist raised its price target on Weyerhaeuser to $29 from $28 while maintaining a Hold rating, citing that lighter fourth-quarter volumes were largely timing-related due to accelerated harvest activity [1] - The company is positioned to benefit from improved log pricing later in the year, with harvest deferrals expected to enhance future earnings [1] - Weyerhaeuser is focused on disciplined capital allocation and operational efficiency initiatives, which are expected to leverage improving timber pricing [2]