Weyerhaeuser (NYSE:WY) Sets New 1-Year Low - Here's What Happened

Key Points

• Weyerhaeuser's stock price hit a new 52-week low at $23.49, before closing at $23.57, with a trading volume of nearly 182,000 shares on Thursday.
• Wall Street analysts have mixed ratings on Weyerhaeuser with one strong buy, seven buys, two holds, and one sell, while the stock has a consensus rating of "Moderate Buy" and an average target price of $32.63.
• The company recently announced a quarterly dividend of $0.21 per share, equating to an annualized yield of 3.5%, although its dividend payout ratio stands at a high 221.05%.

Weyerhaeuser Company (NYSE:WY - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $23.49 and last traded at $23.57, with a volume of 181997 shares changing hands. The stock had previously closed at $23.73.

Wall Street Analyst Weigh In

Several research analysts have commented on WY shares. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. reduced their target price on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 17th. DA Davidson reissued a "buy" rating and set a $35.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 29th. CIBC cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research report on Thursday, September 11th. Finally, Truist Financial cut their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.63.

Weyerhaeuser Stock Up 0.1%

The company's 50 day moving average price is $25.20 and its two-hundred day moving average price is $25.78. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The stock has a market cap of $17.13 billion, a P/E ratio of 62.33, a PEG ratio of 231.29 and a beta of 1.05.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business earned $0.21 EPS. The business's quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 29th. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Insider Transactions at Weyerhaeuser

In related news, Director Sara Grootwassink Lewis acquired 4,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was acquired at an average cost of $25.29 per share, with a total value of $101,160.00. Following the acquisition, the director directly owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the company. GKV Capital Management Co. Inc. purchased a new position in shares of Weyerhaeuser in the 1st quarter worth approximately $29,000. Hantz Financial Services Inc. raised its position in Weyerhaeuser by 86.3% during the second quarter. Hantz Financial Services Inc. now owns 1,125 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 521 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser during the first quarter worth $31,000. Costello Asset Management INC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $32,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at about $36,000. Institutional investors own 82.99% of the company's stock.

Weyerhaeuser Company Profile

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.

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