Weyerhaeuser Company (NYSE:WY) saw an upside of 0.79% to close Monday at $33.14 after adding $0.26 on the day. The 5-day average trading volume is 3,298,380 shares of the company’s common stock. It has gained $34.10 in the past week and touched a new high 1 time within the past 5 days. An average of 3,232,745 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,068,728.
WY’s 1-month performance is -0.93% or -$0.31 on its low of $32.46 reached on 08/03/23. The company’s shares have touched a 52-week low of $26.64 and high of $36.38, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, WY has achieved 9.79% or $2.14 and has reached a new high 13 times. However, the current price is down -8.91% from the 52-week high price.
Insider Transactions
WY stock investors last saw insider trading activity on Jun 01.Merle Denise M (Senior Vice President) most recently sold 5,719 shares at $28.54 per share on Jun 01. This transaction cost the insider $163,207. Senior Vice President, Merle Denise M, sold 1,781 shares at a price of $30.00 on May 16. Then, on Feb 02, President and CEO Stockfish Devin W sold 1,800 shares at a price of $36.00 per share. This transaction amounted to $64,800.
Valuation Metrics
WY stock has a beta of 1.53. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.06 while the price-to-book (PB) in the most recent quarter is 2.39.
Weyerhaeuser Company’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.48, while the total debt to equity was 0.57. In terms of profitability, the gross margin trailing 12 months is 22.70%. The firm’s gross profit as reported stood at $3.62 billion against revenue of $10.18 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Weyerhaeuser Company’s cash and short-term investments amounted to $665.0 million against total debt of $5.82 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -242.61% to $230.0 million, while revenue of $151.0 million was 34.35% off the previous quarter. Analysts expected WY to announce $0.21 per share in earnings in its latest quarter, but it posted $0.32, representing a 52.40% surprise. EBITDA for the quarter stood at more than $445.0 million. WY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 7.33 billion, with total debt at $5.82 billion. Shareholders hold equity totaling $730.75 million.
Let’s look briefly at Weyerhaeuser Company (WY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 39.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.19%.
The stock’s 5-day moving average is $33.26, reflecting a -2.70% or -$0.92 change from its current price. WY is currently trading -2.24% above its 20-day SMA, +10.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.91% and SMA200 by+11.02%.
Stochastic %K and %D was 23.45% and 19.99% and the average true range (ATR) pointed at 0.64. The RSI (14) points at 47.60%, while the 14-day stochastic is at 29.21% with the period’s ATR at 0.63. The stock’s 9-day MACD Oscillator is pointing at -0.57 and -0.83 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Weyerhaeuser Company (NYSE: WY), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for WY stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WY as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is WY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $36.00 and a high of $42.00, with their median price target at $39.00. Looking at these predictions, the average price target given by analysts is for Weyerhaeuser Company (WY) stock is $38.89.
