Weyerhaeuser Company (NYSE:WY) finished Thursday with a subtraction of -$0.26 to close at $33.14, a downside of -0.78 percent. An average of 2,689,260 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 3,060,435 shares traded, while the 50-day average volume stands at 4,017,402.
WY stock has decreased by -2.76% in the last month. The company shares reached their 1-month lowest point of $32.46 on 08/03/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $26.64 and a high of $36.38 in 52 weeks. It has reached a new high 13 times so far this year and achieved 9.79% or $2.14 in price. In spite of this, the price is down -8.91% from the 52-week high.
Insider Transactions
WY stock investors should be aware that Weyerhaeuser Company (WY) stock had its last reported insider trading activity 71 days ago on Jun 01. In this transaction, the insider spent $163,207. Senior Vice President, Merle Denise M, disposed of 1,781 shares at a price of $30.00 on May 16. The insider now owns more than $53,430 worth of shares. Prior to that, President and CEO Stockfish Devin W went on to Sale 1,800 shares at $36.00 each on Feb 02. An amount of $64,800 was transacted.
Valuation Metrics
Weyerhaeuser Company (WY) has a trailing price-to-earnings (P/E) ratio of 34.77. The stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.06, the price-to-book (PB) ratio at 2.39.
The company has a payout ratio of 77.60%. The company’s most recent quarterly dividend payment was $0.19 a share, without any change from last year. Its latest decrease dividend $0.71 reported on Thursday February 9 2023.
Financial Health
The quick ratio of Weyerhaeuser Company for the three months ended June 29 was 1.40, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.48 and a total debt to equity ratio of 0.57 for the quarter ending June 29. Its gross profit as reported stood at $3.62 billion compared to revenue of $10.18 billion.
Earnings Surprise
For the three-month period that ended June 29, Weyerhaeuser Company had $665.0 million in cash and short-term investments compared to $4.82 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $230.0 million in the quarter, while revenues were shrunk -242.61%. The analyst consensus anticipated Weyerhaeuser Company’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.32, a 52.40% surprise. For the quarter, EBITDA amounted to $445.0 million. Shareholders own equity worth $730.75 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Weyerhaeuser Company (WY) price momentum. RSI 9-day as of the close on 10 August was 40.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.50%.
As of today, WY’s price is $33.19 +0.09% or $0.03 from its 5-day moving average. WY is currently trading -2.96% lower than its 20-day SMA and +13.45% higher than its 100-day SMA. However, the stock’s current price level is +15.96% above the SMA50 and +10.61% above the SMA200.
The stochastic %K and %D were 36.18% and 33.50%, respectively, and the average true range (ATR) was 0.64. With the 14-day stochastic at 29.21% and the average true range at 0.64, the RSI (14) stands at 47.45%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.35.
Analyst Ratings
BofA Securities upgraded Weyerhaeuser Company (NYSE: WY) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Weyerhaeuser Company (WY) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WY, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is WY’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $42.00, with a median target of $39.00. Taking a look at these predictions, the average price target given by analysts for Weyerhaeuser Company (WY) stock is $38.89.
