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 research analysts have recently weighed in on WY shares. Truist Financial started coverage on shares of Weyerhaeuser in a research note on Wednesday, June 29th. They set a "hold" rating and a $37.00 price objective on the stock. Argus lowered shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Wednesday, July 20th. BMO Capital Markets lowered shares of Weyerhaeuser from an "outperform" rating to a "market perform" rating and set a $42.00 price objective on the stock. in a research note on Monday, May 2nd. The Goldman Sachs Group decreased their price target on shares of Weyerhaeuser from $49.00 to $41.00 and set a "buy" rating on the stock in a research note on Thursday, June 23rd. Finally, StockNews.com lowered shares of Weyerhaeuser from a "buy" rating to a "hold" rating in a research note on Monday, August 8th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.50.
Weyerhaeuser Stock Performance
WY traded up $0.46 on Friday, reaching $36.89. The company had a trading volume of 1,697,288 shares, compared to its average volume of 3,995,233. Weyerhaeuser has a fifty-two week low of $32.50 and a fifty-two week high of $43.04. The stock has a market cap of $27.31 billion, a P/E ratio of 11.25 and a beta of 1.49. The company's fifty day moving average is $35.04 and its 200 day moving average is $37.97. 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 (NYSE:WY - Get Rating) last posted its quarterly earnings data 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 business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.83 billion. Weyerhaeuser had a net margin of 23.10% and a return on equity of 24.49%. The business's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 EPS. As a group, analysts predict 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. Shareholders 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 1.95%. 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 Weyerhaeuser news, Director Albert Monaco acquired 3,000 shares of the business's stock in a transaction on Tuesday, June 7th. The stock was purchased at an average price of $38.43 per share, with a total value of $115,290.00. Following the acquisition, 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 SEC, which is available through this hyperlink. Insiders own 0.22% of the company's stock.