The stock of Weyerhaeuser Company (NYSE:WY) decreased by -$0.4 on Tuesday to finish at $32.73, down -1.21 percent. The last five days have seen an average of 2,639,520 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $1.73. The average number of shares traded over the last 20 days was 3,071,235, while the average volume over the last 50 days totaled 3,810,836.
WY stock dropped -4.66% since last month. On 08/03/23, the company’s shares reached a one-month low of $32.46. The stock touched a high of $36.38 on 02/02/23, after rallying from a low of $26.64 in 52 weeks. The price of WY stock has risen by 8.43% or $1.73 this year, reaching a new high 13 times. Still, the stock price is down -10.04% 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 76 days ago on Jun 01. On Jun 01, Senior Vice President Merle Denise M sold 5,719 shares at $28.54 each. This transaction resulted in the insider making $163,207. On May 16, Merle Denise M sold 1,781 shares at a price of US$30.00. After the transaction, the insider now owns 160,507 shares. President and CEO Stockfish Devin W had earlier sold 1,800 shares on Feb 02 for $36.00 a share. The transaction was completed for $64,800.
Valuation Metrics
Weyerhaeuser Company (WY) has a trailing price-to-earnings (P/E) ratio of 34.34. Beta for the stock is 1.53. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.01, the price-to-book (PB) ratio of 2.36, and the price-to-cash flow ratio of 27.22.
Company paid $0.19 per share in dividends, remained unchanged from $0.19 last year.
Financial Health
For the three months ended June 29, Weyerhaeuser Company’s quick ratio was 1.40, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.48, and the total debt to equity ratio is 0.57. As far as profitability goes, gross margin for the trailing twelve months is 22.70% percent. Weyerhaeuser Company’s operating margin stood at 15.60% for the same period. Based on annual data, it had gross profit of $3.62 billion and revenue of $10.18 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. WY’s return on assets (ROA) during the last 12 months has been 4.10%. There was a 13.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.70%.
Earnings Surprise
According to Weyerhaeuser Company’s quarterly financial report for the quarter that ended June 29, it had $4.82 billion in total debt versus $665.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.0 billion, while revenues fell by -48.87% to $1.88 billion. It was predicted that Weyerhaeuser Company’s quarterly earnings would be $0.32, but it ended up being $0.21, beating the consensus by 52.40%. EBITDA was $445.0 million for the quarter. At the end of Weyerhaeuser Company’s most recent quarter ended June 29, its liabilities totaled 7.33 billion, while its total debt was $5.82 billion. Equity owned by shareholders amounts to $730.75 million.
Technical Picture
Here’s a quick look at Weyerhaeuser Company’s (WY) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 33.79%, suggesting the stock is Neutral, with a 10.19% historical volatility rate.
The stochastic %K and %D were 21.54% and 26.70% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 11.73%, the RSI (14) reading is 41.93%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at -0.39.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on Weyerhaeuser Company (NYSE: WY) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Weyerhaeuser Company (WY) an Overweight rating. WY is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is WY’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.00 and $42.00, with a median target price of $39.00. In analyzing these forecasts, the average price target given by analysts for Weyerhaeuser Company (WY) is $38.75.
