Weyerhaeuser Co. (WY) is looking forward to a strong quarter

With 2.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.77 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $33.22 whereas the lowest price it dropped to was $32.77. The 52-week range on WY shows that it touched its highest point at $35.14 and its lowest point at $27.65 during that stretch. It currently has a 1-year price target of $37.88. With its current market cap of 24.10 billion, WY has annualized dividend of $0.88 while the current yield stands at 2.65%. Beta for the stock currently stands at 1.44.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WY was down-trending over the past week, with a drop of -1.32%, but this was down by -2.16% over a month. Three-month performance surged to 8.44% while six-month performance fell -1.17%. The stock lost -1.19% in the past year, while it has lost -5.06% so far this year. A look at the trailing 12-month EPS for WY yields 1.15 with Next year EPS estimates of 1.34. For the next quarter, that number is 0.19. This implies an EPS growth rate of 7.37% for this year and 22.76% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.00%.

Float and Shares Shorts:

At present, 729.75 million WY shares are outstanding with a float of 727.50 million shares on hand for trading. On Jan 11, 2024, short shares totaled 6.56 million, which was 0.90% higher than short shares on Dec 14, 2023. In addition to WYNN as the firm’s Wynn Resorts, Limited, WU serves as its Western Union Company (The).

Institutional Ownership:

Through their ownership of 85.46% of WY’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WY analysts setting a high price target of $40.00 and a low target of $36.00, the average target price over the next 12 months is $37.88. Based on these targets, WY could surge 21.18% to reach the target high and rise by 9.06% to reach the target low. Reaching the average price target will result in a growth of 14.75% from current levels.

Summary of Insider Activity:

Insiders traded WY stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,907 shares were sold. The number of buy transactions has increased to 20 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 448,374 while 263,138 shares were sold.