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.
Weyerhaeuser Stock Performance
Shares of NYSE:WY traded up $0.31 during midday trading on Tuesday, reaching $37.26. The company had a trading volume of 152,223 shares, compared to its average volume of 3,328,484. The business's 50-day simple moving average is $35.00 and its 200 day simple moving average is $37.95. The stock has a market cap of $27.58 billion, a P/E ratio of 11.27 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 current ratio of 3.20, a quick ratio of 2.59 and a debt-to-equity ratio of 0.47.
Weyerhaeuser (NYSE:WY - Get Rating) last posted its quarterly earnings results on Friday, July 29th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.02). The company had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $2.83 billion. Weyerhaeuser had a return on equity of 24.49% and a net margin of 23.10%. The company's quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 EPS. On average, analysts forecast that Weyerhaeuser will post 3.14 earnings per share for the current fiscal year.
Weyerhaeuser Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.93%. Weyerhaeuser's payout ratio is currently 21.95%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Truist Financial initiated coverage on shares of Weyerhaeuser in a research note on Wednesday, June 29th. They issued a "hold" rating and a $37.00 target price on the stock. StockNews.com raised shares of Weyerhaeuser from a "hold" rating to a "buy" rating in a research report on Tuesday. The Goldman Sachs Group lowered their price target on shares of Weyerhaeuser from $49.00 to $41.00 and set a "buy" rating for the company in a research report on Thursday, June 23rd. Argus cut shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a research report on Wednesday, July 20th. Finally, BMO Capital Markets cut shares of Weyerhaeuser from an "outperform" rating to a "market perform" rating and set a $42.00 price target for the company. in a research report on Monday, May 2nd. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.50.
Insider Transactions at Weyerhaeuser
In other Weyerhaeuser news, Director Albert Monaco acquired 3,000 shares of the business's stock in a transaction dated 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 $1,047,063.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.22% of the company's stock.