Weyerhaeuser (NYSE:WY) Reaches New 1-Year Low – Should You Sell?

Weyerhaeuser Company (NYSE:WY)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $21.24 and last traded at $21.5850, with a volume of 6613701 shares. The stock had previously closed at $21.51.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WY. Weiss Ratings reiterated a “sell (d+)” rating on shares of Weyerhaeuser in a research note on Thursday, November 13th. CIBC lowered their target price on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. dropped their target price on Weyerhaeuser from $28.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Bank of America restated a “neutral” rating and set a $26.00 price target (down from $29.00) on shares of Weyerhaeuser in a report on Monday. Finally, Truist Financial dropped their price objective on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.78.

Weyerhaeuser Price Performance

The stock has a market cap of $15.56 billion, a P/E ratio of 56.80, a price-to-earnings-growth ratio of 244.04 and a beta of 1.04. The business has a 50-day simple moving average of $23.83 and a 200 day simple moving average of $25.24. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. On average, analysts forecast that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, November 28th. This represents a $0.84 annualized dividend and a dividend yield of 3.9%. Weyerhaeuser’s dividend payout ratio is 186.67%.

Institutional Trading of Weyerhaeuser

A number of institutional investors have recently bought and sold shares of WY. IFP Advisors Inc boosted its position in shares of Weyerhaeuser by 138.2% during the 1st quarter. IFP Advisors Inc now owns 13,047 shares of the real estate investment trust’s stock valued at $383,000 after purchasing an additional 7,569 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Weyerhaeuser by 85.7% during the 1st quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock worth $1,087,000 after buying an additional 17,132 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Weyerhaeuser by 4.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 56,004 shares of the real estate investment trust’s stock worth $1,640,000 after buying an additional 2,236 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Weyerhaeuser by 1.4% in the 1st quarter. Allianz Asset Management GmbH now owns 1,228,155 shares of the real estate investment trust’s stock valued at $35,960,000 after acquiring an additional 17,342 shares in the last quarter. Finally, Guidance Capital Inc. increased its stake in shares of Weyerhaeuser by 16.4% in the 1st quarter. Guidance Capital Inc. now owns 34,806 shares of the real estate investment trust’s stock valued at $1,019,000 after acquiring an additional 4,910 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

About Weyerhaeuser

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.