Weyerhaeuser (NYSE:WY) Hits New 52-Week Low – Here’s What Happened

Shares of Weyerhaeuser Company (NYSE:WY) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $19.61 and last traded at $19.7760, with a volume of 379574 shares traded. The stock had previously closed at $20.01.

Analyst Upgrades and Downgrades

Several research firms have commented on WY. Truist Financial reiterated a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Weyerhaeuser in a research note on Monday, August 3rd. Raymond James Financial raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 target price for the company in a report on Friday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a research report on Friday, July 17th. Weiss Ratings upgraded Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $28.67.

Weyerhaeuser Trading Down 1.4%

The company has a quick ratio of 1.15, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. The firm has a market cap of $14.23 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The firm’s 50-day simple moving average is $23.52 and its 200 day simple moving average is $23.88.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 6.89% and a return on equity of 1.49%. The company’s revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. As a group, analysts expect that Weyerhaeuser Company will post 0.33 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.21 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.84 annualized dividend and a dividend yield of 4.3%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 129.23%.

Hedge Funds Weigh In On Weyerhaeuser

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its holdings in shares of Weyerhaeuser by 524.8% during the second quarter. Assenagon Asset Management S.A. now owns 176,165 shares of the real estate investment trust’s stock valued at $4,217,000 after purchasing an additional 147,971 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Weyerhaeuser by 23.0% in the 2nd quarter. Hsbc Holdings PLC now owns 1,636,104 shares of the real estate investment trust’s stock worth $39,100,000 after buying an additional 305,983 shares in the last quarter. Everett Harris & Co. CA raised its position in Weyerhaeuser by 153.1% in the 4th quarter. Everett Harris & Co. CA now owns 71,112 shares of the real estate investment trust’s stock worth $1,685,000 after buying an additional 43,020 shares during the last quarter. Markel Group Inc. raised its position in Weyerhaeuser by 585.7% in the 2nd quarter. Markel Group Inc. now owns 120,000 shares of the real estate investment trust’s stock worth $2,873,000 after buying an additional 102,500 shares during the last quarter. Finally, SFE Investment Counsel lifted its stake in Weyerhaeuser by 32.2% during the 1st quarter. SFE Investment Counsel now owns 209,041 shares of the real estate investment trust’s stock valued at $5,107,000 after acquiring an additional 50,880 shares during the period. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is a timberland owner and forest products company. Founded in 1900, the company owns or manages millions of acres of timberlands in the United States and Canada and sustainably grows, harvests and replenishes trees for use in construction and other applications.

Weyerhaeuser’s products include lumber, oriented strand board, engineered wood products, structural panels and other building materials used in residential and commercial construction. The company also generates income from timber, logs, real estate and strategically managed natural-resource properties.

In addition to its forest products operations, Weyerhaeuser provides natural climate solutions, including carbon-storage opportunities associated with its timberlands.