Weyerhaeuser Company [NYSE: WY] loss -0.43% or -0.14 points to close at $32.15 with a heavy trading volume of 3773253 shares. The company report on August 10, 2023 at 9:00 PM that Weyerhaeuser Company Declares Dividend on Common Shares.
Weyerhaeuser Company (NYSE: WY) today announced that its board of directors declared a quarterly base cash dividend of $0.19 per share on the common stock of the company, payable in cash on September 15, 2023, to holders of record of such common stock as of the close of business on September 1, 2023.
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Under Weyerhaeuser’s cash return framework, the company expects to supplement its quarterly base cash dividend, as appropriate, with an additional return of variable cash to achieve a targeted total return to shareholders of 75 to 80 percent of annual Adjusted Funds Available for Distribution (Adjusted FAD). The company has the flexibility in its capital allocation framework to return this additional cash either in the form of a supplemental cash dividend or through opportunistic share repurchase.
It opened the trading session at $32.34, the shares rose to $32.35 and dropped to $31.93, the range by which the price of stock traded the whole day. The daily chart for WY points out that the company has recorded 7.20% gains over the past six months. However, it is still -20.68% lower than its most recent low trading price.
If we look at the average trading volume of 3.60M shares, WY reached to a volume of 3773253 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Weyerhaeuser Company [WY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WY shares is $38.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WY stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Weyerhaeuser Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 10, 2023.
The Average True Range (ATR) for Weyerhaeuser Company is set at 0.52, with the Price to Sales ratio for WY stock in the period of the last 12 months amounting to 2.98. The Price to Book ratio for the last quarter was 2.32, with the Price to Cash per share for the same quarter was set at 2.38. Price to Free Cash Flow for WY in the course of the last twelve months was 26.93 with Quick ratio for the last quarter at 1.40.
Trading performance analysis for WY stock
Weyerhaeuser Company [WY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.74. With this latest performance, WY shares dropped by -2.96% in over the last four-week period, additionally plugging by 7.20% over the last 6 months – not to mention a drop of -4.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WY stock in for the last two-week period is set at 42.70, with the RSI for the last a single of trading hit 41.26, and the three-weeks RSI is set at 44.93 for Weyerhaeuser Company [WY]. The present Moving Average for the last 50 days of trading for this stock 33.24, while it was recorded at 32.21 for the last single week of trading, and 31.54 for the last 200 days.
Weyerhaeuser Company [WY]: A deeper dive into fundamental analysis
Weyerhaeuser Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.
Weyerhaeuser Company [WY]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Weyerhaeuser Company go to 5.00%.
An analysis of Institutional ownership at Weyerhaeuser Company [WY]
The top three institutional holders of WY stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in WY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in WY stock with ownership which is approximately 5.7381%.
