Weyerhaeuser (NYSE:WY) Reaches New 52-Week Low - Should You Sell?

Weyerhaeuser (NYSE:WY - Get Free Report) reached a new 52-week low on Thursday . The stock traded as low as $24.10 and last traded at $26.60, with a volume of 5867574 shares. The stock had previously closed at $24.82.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Raymond James upgraded Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 price objective for the company in a research report on Monday, December 23rd. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a report on Thursday, February 6th. Truist Financial dropped their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 price target on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $34.50.

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Weyerhaeuser Stock Down 0.3 %

The firm has a market cap of $18.90 billion, a P/E ratio of 47.35, a P/E/G ratio of 4.74 and a beta of 1.25. The firm's fifty day moving average is $29.06 and its 200 day moving average is $30.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. As a group, equities research analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. Weyerhaeuser's dividend payout ratio (DPR) is currently 152.73%.

Hedge Funds Weigh In On Weyerhaeuser

Institutional investors and hedge funds have recently modified their holdings of the business. Truist Financial Corp increased its holdings in shares of Weyerhaeuser by 2.8% during the fourth quarter. Truist Financial Corp now owns 50,889 shares of the real estate investment trust's stock worth $1,433,000 after purchasing an additional 1,373 shares during the period. Oak Thistle LLC bought a new position in Weyerhaeuser during the 4th quarter worth $1,214,000. Sonora Investment Management Group LLC raised its holdings in Weyerhaeuser by 56.5% in the 4th quarter. Sonora Investment Management Group LLC now owns 51,785 shares of the real estate investment trust's stock valued at $1,458,000 after acquiring an additional 18,698 shares in the last quarter. Czech National Bank lifted its position in shares of Weyerhaeuser by 6.3% during the 4th quarter. Czech National Bank now owns 157,538 shares of the real estate investment trust's stock valued at $4,435,000 after acquiring an additional 9,377 shares during the period. Finally, Inspire Trust Co. N.A. grew its holdings in shares of Weyerhaeuser by 148.2% during the 3rd quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock worth $4,253,000 after purchasing an additional 75,000 shares in the last quarter. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Weyerhaeuser 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.