Weyerhaeuser (NYSE:WY) Sets New 12-Month Low – Here’s Why

Shares of Weyerhaeuser Company (NYSE:WY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $21.05 and last traded at $21.0250, with a volume of 355918 shares. The stock had previously closed at $21.22.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WY. Raymond James Financial upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a report on Friday, July 10th. Weiss Ratings raised Weyerhaeuser from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Citigroup dropped their target price on Weyerhaeuser from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $30.00 price target on shares of Weyerhaeuser in a research note on Friday, July 17th. Finally, Wall Street Zen upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.67.

Weyerhaeuser Trading Up 2.5%

The company has a fifty day simple moving average of $23.75 and a two-hundred day simple moving average of $23.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.15. The company has a market capitalization of $15.52 billion, a P/E ratio of 33.14, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.

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

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.9%. Weyerhaeuser’s dividend payout ratio (DPR) is currently 129.23%.

Institutional Trading of Weyerhaeuser

Several large investors have recently modified their holdings of WY. EverSource Wealth Advisors LLC raised its holdings in Weyerhaeuser by 23.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 472 shares during the period. New Mexico Educational Retirement Board increased its position in shares of Weyerhaeuser by 1.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 33,219 shares of the real estate investment trust’s stock valued at $787,000 after acquiring an additional 500 shares during the last quarter. CHICAGO TRUST Co NA raised its stake in shares of Weyerhaeuser by 6.8% in the 1st quarter. CHICAGO TRUST Co NA now owns 9,069 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 575 shares during the period. Unison Advisors LLC raised its stake in shares of Weyerhaeuser by 0.8% in the 1st quarter. Unison Advisors LLC now owns 71,662 shares of the real estate investment trust’s stock valued at $1,751,000 after acquiring an additional 578 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Weyerhaeuser by 77.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,412 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 617 shares during the last quarter. 82.99% of the stock is owned by institutional investors.

About Weyerhaeuser

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.