Weyerhaeuser (NYSE:WY) Sets New 1-Year Low – Should You Sell?

Weyerhaeuser Company (NYSE:WY)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $21.05 and last traded at $21.0250, with a volume of 355918 shares traded. The stock had previously closed at $21.22.

Analyst Ratings Changes

WY has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. DA Davidson reiterated a “buy” rating and set a $31.00 target price on shares of Weyerhaeuser in a research note on Tuesday, June 30th. JPMorgan Chase & Co. decreased their price target on shares of Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Finally, Truist Financial restated a “hold” rating and issued a $28.00 price target (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

Weyerhaeuser Stock Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The stock has a market capitalization of $15.14 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87. The company has a fifty day moving average of $23.85 and a two-hundred day moving average of $24.01.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%.Weyerhaeuser’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, equities analysts anticipate that Weyerhaeuser Company will post 0.33 EPS for the current year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 4th. Weyerhaeuser’s dividend payout ratio is currently 129.23%.

Institutional Trading of Weyerhaeuser

Several institutional investors have recently added to or reduced their stakes in WY. First Eagle Investment Management LLC lifted its position in shares of Weyerhaeuser by 10.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock worth $1,225,232,000 after buying an additional 4,885,818 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Weyerhaeuser by 14.3% during the 2nd quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock valued at $1,043,164,000 after buying an additional 5,437,685 shares during the last quarter. Norges Bank bought a new stake in shares of Weyerhaeuser during the 4th quarter valued at about $549,531,000. Geode Capital Management LLC raised its stake in Weyerhaeuser by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 20,299,110 shares of the real estate investment trust’s stock worth $479,155,000 after acquiring an additional 225,227 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Weyerhaeuser during the second quarter worth about $468,969,000. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is a timberland owner and forest products company. Founded in 1900, the company owns or manages millions of acres of timberlands in the United States and Canada and sustainably grows, harvests and replenishes trees for use in construction and other applications.

Weyerhaeuser’s products include lumber, oriented strand board, engineered wood products, structural panels and other building materials used in residential and commercial construction. The company also generates income from timber, logs, real estate and strategically managed natural-resource properties.

In addition to its forest products operations, Weyerhaeuser provides natural climate solutions, including carbon-storage opportunities associated with its timberlands.