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.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Argus downgraded Weyerhaeuser from a "buy" rating to a "hold" rating in a report on Wednesday, July 20th. The Goldman Sachs Group dropped their target price on Weyerhaeuser from $49.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, June 23rd. Truist Financial began coverage on Weyerhaeuser in a report on Wednesday, June 29th. They issued a "hold" rating and a $37.00 target price on the stock. BMO Capital Markets cut Weyerhaeuser from an "outperform" rating to a "market perform" rating and set a $42.00 price target for the company. in a research note on Monday, May 2nd. Finally, StockNews.com cut Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $42.50.
Weyerhaeuser Stock Up 1.0 %
Weyerhaeuser stock opened at $36.43 on Friday. The stock has a market cap of $26.97 billion, a PE ratio of 11.11 and a beta of 1.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.59 and a current ratio of 3.20. Weyerhaeuser has a one year low of $32.50 and a one year high of $43.04. The stock has a fifty day moving average of $35.12 and a 200 day moving average of $38.00.
Weyerhaeuser (NYSE:WY - Get Rating) last posted its quarterly earnings data 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 firm had revenue of $2.97 billion for 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 firm's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. As a group, sell-side analysts predict that Weyerhaeuser will post 3.14 EPS for the current year.
Weyerhaeuser Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.98%. Weyerhaeuser's dividend payout ratio (DPR) is presently 21.95%.
Insider Activity at Weyerhaeuser
In related news, Director Albert Monaco purchased 3,000 shares of the business's stock in a transaction on Tuesday, June 7th. The stock was acquired at an average price of $38.43 per share, with a total value of $115,290.00. Following the completion of the acquisition, the director now 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 accessible through this hyperlink. 0.22% of the stock is owned by company insiders.