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. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2020, we generated $7.5 billion in net sales and employed approximately 9,400 people who serve customers worldwide. We are listed on the Dow Jones Sustainability North America Index. Our common stock trades on the New York Stock Exchange under the symbol WY.
Analysts Set New Price Targets
WY has been the subject of a number of research reports. Argus downgraded Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Wednesday, July 20th. StockNews.com raised Weyerhaeuser from a "hold" rating to a "buy" rating in a research report on Tuesday. The Goldman Sachs Group decreased their target price on Weyerhaeuser from $49.00 to $41.00 and set a "buy" rating for the company in a research report on Thursday, June 23rd. BMO Capital Markets downgraded Weyerhaeuser from an "outperform" rating to a "market perform" rating and set a $42.00 target price for the company. in a research report on Monday, May 2nd. Finally, Truist Financial assumed coverage on Weyerhaeuser in a research report on Wednesday, June 29th. They issued a "hold" rating and a $37.00 target price for the company. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.
Weyerhaeuser Stock Down 1.6 %
WY traded down $0.60 on Wednesday, reaching $36.49. The company's stock had a trading volume of 90,165 shares, compared to its average volume of 3,254,411. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of 11.31 and a beta of 1.49. Weyerhaeuser has a 1 year low of $32.50 and a 1 year high of $43.04. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.20 and a quick ratio of 2.59. The business's 50 day moving average is $34.96 and its 200 day moving average is $37.95.
Weyerhaeuser (NYSE:WY - Get Rating) last issued its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.08 by ($0.02). The business had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $2.83 billion. Weyerhaeuser had a net margin of 23.10% and a return on equity of 24.49%. The company's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.37 EPS. As a group, research analysts forecast that Weyerhaeuser will post 3.14 EPS for the current fiscal year.
Weyerhaeuser Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 1st. Weyerhaeuser's dividend payout ratio is currently 21.95%.
Insider Buying and Selling at Weyerhaeuser
In other news, Director Albert Monaco acquired 3,000 shares of the business's stock in a transaction on Tuesday, June 7th. The shares were purchased at an average price of $38.43 per share, for a total transaction of $115,290.00. Following the completion of the purchase, the director now directly owns 27,246 shares of the company's stock, valued at approximately $1,047,063.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.