Weyerhaeuser (NYSE:WY) Sets New 52-Week Low - Should You Sell?

Key Points

• Weyerhaeuser's stock reached a new 52-week low at $23.92, down from a previous close of $24.44 on significant trading volume of 2.6 million shares.
• Analysts have mixed views on Weyerhaeuser, with a recent downgrading of ratings, where one analyst maintained a "Strong Buy," while others shifted to "Hold" or "Sell." The average target price stands at $32.88.
• The company announced a quarterly dividend of $0.21, yielding 3.5%, despite a high dividend payout ratio of 221.05% and a net margin decrease of 2.8% year-over-year.

Weyerhaeuser Company (NYSE:WY - Get Free Report)'s stock price reached a new 52-week low on Friday . The company traded as low as $23.92 and last traded at $23.95, with a volume of 2601666 shares. The stock had previously closed at $24.44.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WY. JPMorgan Chase & Co. lowered their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Weyerhaeuser in a research note on Wednesday. Wall Street Zen lowered shares of Weyerhaeuser from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Truist Financial lowered their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research note on Monday, July 28th. Finally, CIBC decreased their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating for the company in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average target price of $32.88.

Weyerhaeuser Trading Down 2.0%

The firm has a market capitalization of $17.28 billion, a PE ratio of 63.03, a price-to-earnings-growth ratio of 157.26 and a beta of 1.05. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The company's 50-day simple moving average is $25.32 and its 200 day simple moving average is $25.93.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.94 billion. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. Weyerhaeuser's revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. As a group, sell-side analysts expect that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 29th. Weyerhaeuser's dividend payout ratio (DPR) is presently 221.05%.

Insider Activity at Weyerhaeuser

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

Hedge Funds Weigh In On Weyerhaeuser

Several hedge funds and other institutional investors have recently bought and sold shares of WY. Norges Bank acquired a new stake in shares of Weyerhaeuser during the 2nd quarter worth approximately $600,502,000. Bank of New York Mellon Corp grew its stake in shares of Weyerhaeuser by 86.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust's stock worth $348,111,000 after purchasing an additional 6,284,982 shares during the period. Nuveen LLC acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $107,330,000. Millennium Management LLC grew its stake in shares of Weyerhaeuser by 2,952.7% during the 1st quarter. Millennium Management LLC now owns 3,130,367 shares of the real estate investment trust's stock worth $91,657,000 after purchasing an additional 3,027,823 shares during the period. Finally, Clean Energy Transition LLP acquired a new stake in shares of Weyerhaeuser during the 1st quarter worth approximately $55,429,000. Institutional investors and hedge funds 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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