Shares of Weyerhaeuser (NYSE:WY – Get Rating) reached a new 52-week low on Tuesday after Raymond James lowered their price target on the stock from $50.00 to $45.00. Raymond James currently has a strong-buy rating on the stock. Weyerhaeuser traded as low as $32.26 and last traded at $32.42, with a volume of 182337 shares traded. The stock had previously closed at $34.56.
Other equities analysts have also issued research reports about the company. Argus lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. The Goldman Sachs Group cut their target price on Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Truist Financial assumed coverage on Weyerhaeuser in a research note on Wednesday, June 29th. They issued a “hold” rating and a $37.00 target price on the stock. Finally, StockNews.com lowered Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $41.25.
Institutional Investors Weigh In On Weyerhaeuser
A number of institutional investors and hedge funds have recently modified their holdings of the company. Heritage Financial Services LLC purchased a new position in Weyerhaeuser during the second quarter valued at approximately $26,000. Eagle Bay Advisors LLC purchased a new position in Weyerhaeuser during the second quarter valued at approximately $26,000. DeDora Capital Inc. purchased a new position in Weyerhaeuser during the first quarter valued at approximately $27,000. CX Institutional purchased a new position in Weyerhaeuser during the second quarter valued at approximately $27,000. Finally, Glassman Wealth Services raised its position in Weyerhaeuser by 69.0% during the second quarter. Glassman Wealth Services now owns 806 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 329 shares in the last quarter. Institutional investors and hedge funds own 81.09% of the company’s stock.
Weyerhaeuser Stock Performance
The firm has a 50-day moving average of $35.24 and a two-hundred day moving average of $37.19. The company has a quick ratio of 2.59, a current ratio of 3.20 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $23.96 billion, a PE ratio of 9.85 and a beta of 1.48.
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 business had revenue of $2.97 billion during 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 quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. Research analysts anticipate that Weyerhaeuser will post 3.14 EPS for the current year.
Weyerhaeuser Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, September 2nd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, September 1st. Weyerhaeuser’s dividend payout ratio (DPR) is presently 21.95%.
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.