The price of Weyerhaeuser Company (NYSE:WY) shares last traded on Wall Street rose 1.93% to $33.32.
Based on available information, 11 analysts follow Weyerhaeuser Company (NYSE:WY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.00 and a low of $36.00, we find $39.00. Given the previous closing price of $32.69, this indicates a potential upside of 19.3 percent. WY stock price is now 1.23% away from the 50-day moving average and 6.87% away from the 200-day moving average. The market capitalization of the company currently stands at $24.24B.
Among analysts, 4 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $38.75 as their price target over the next twelve months.
With the price target enhanced from $34 to $38, BofA Securities Upgraded its rating from Neutral to Buy for Weyerhaeuser Company (NYSE: WY).
In other news, Merle Denise M, Senior Vice President sold 5,719 shares of the company’s stock on Jun 01. The stock was sold for $163,207 at an average price of $28.54. Upon completion of the transaction, the Senior Vice President now directly owns 154,788 shares in the company, valued at $5.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16, Senior Vice President Merle Denise M sold 1,781 shares of the business’s stock. A total of $53,430 was realized by selling the stock at an average price of $30.00. This leaves the insider owning 160,507 shares of the company worth $5.35 million. Insiders disposed of 263,274 shares of company stock worth roughly $8.77 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WY stock. A new stake in Weyerhaeuser Company shares was purchased by ADAGE CAPITAL PARTNERS GP, L.L.C. during the first quarter worth $30,974,000. STRS OHIO invested $18,959,000 in shares of WY during the first quarter. In the first quarter, NATIXIS acquired a new stake in Weyerhaeuser Company valued at approximately $8,922,000. TWO SIGMA INVESTMENTS, LP acquired a new stake in WY for approximately $8,472,000. HUDSON BAY CAPITAL MANAGEMENT LP purchased a new stake in WY valued at around $8,330,000 in the second quarter. In total, there are 1,352 active investors with 85.20% ownership of the company’s stock.
A candlestick chart of Weyerhaeuser Company (NYSE: WY) showed a price of $32.91 on Wednesday morning. During the past 12 months, Weyerhaeuser Company has had a low of $26.64 and a high of $35.71. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.70, and a quick ratio of 1.40. According to the stock market information, the enterprise value for the company is $27.74B, which is based on a 34.96 price-to-earnings ratio, a 6.99 price-to-earnings-growth ratio, and a beta of 1.52. The fifty day moving average price for WY is $32.99 and a two-hundred day moving average price translates $31.49 for the stock.
The latest earnings results from Weyerhaeuser Company (NYSE: WY) was released for Jun, 2023. According to the REIT – Specialty Company, earnings per share came in at $0.32, beating analysts’ expectations of $0.21 by 0.11. This compares to $1.06 EPS in the same period last year. The net profit margin was 8.80% and return on equity was 6.70% for WY. The company reported revenue of $2.0 billion for the quarter, compared to $2.97 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -32.83 percent. For the current quarter, analysts expect WY to generate $2.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/15/2023. Investors who held shares on 09/01/2023 were paid a $0.19 dividend. On an annualized basis, this represents a $0.76 dividend and a 2.28% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, WY is presently at 77.60%.
Weyerhaeuser Company(WY) Company Profile
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 2022, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY.
