Weyerhaeuser (NYSE:WY) Hits New 1-Year Low After Analyst Downgrade

Shares of Weyerhaeuser Company (NYSE:WY) hit a new 52-week low during mid-day trading on Thursday after Citigroup lowered their price target on the stock from $28.00 to $26.00. Citigroup currently has a buy rating on the stock. Weyerhaeuser traded as low as $22.28 and last traded at $22.4430, with a volume of 6503749 shares. The stock had previously closed at $22.45.

A number of other research analysts have also recently commented on WY. CIBC reduced their price target on shares of Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. cut their price objective on shares of Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research note on Wednesday, September 17th. Royal Bank Of Canada reduced their target price on shares of Weyerhaeuser from $31.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Truist Financial lowered their price target on shares of Weyerhaeuser from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Finally, DA Davidson cut their price target on shares of Weyerhaeuser from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently made changes to their positions in the business. OFI Invest Asset Management purchased a new stake in Weyerhaeuser during the 2nd quarter valued at $1,370,000. HB Wealth Management LLC raised its stake in shares of Weyerhaeuser by 3.3% in the second quarter. HB Wealth Management LLC now owns 20,970 shares of the real estate investment trust’s stock worth $539,000 after purchasing an additional 663 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Weyerhaeuser by 85.7% during the first quarter. J.W. Cole Advisors Inc. now owns 37,129 shares of the real estate investment trust’s stock valued at $1,087,000 after purchasing an additional 17,132 shares in the last quarter. Cambiar Investors LLC purchased a new stake in shares of Weyerhaeuser during the second quarter valued at $32,721,000. Finally, Bank of New York Mellon Corp increased its holdings in Weyerhaeuser by 86.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,550,466 shares of the real estate investment trust’s stock worth $348,111,000 after buying an additional 6,284,982 shares in the last quarter. Institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Price Performance

The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $16.18 billion, a P/E ratio of 59.06, a P/E/G ratio of 244.04 and a beta of 1.04. The firm has a fifty day moving average of $24.13 and a 200 day moving average of $25.36.

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

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.