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WY · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Weyerhaeuser Company (WY) stock moving?
Weyerhaeuser's Q3 2026 report (Oct 29) was mixed: adjusted EPS of $0.08 beat the $0.04 estimate and adjusted EBITDA rose 14% year over year to $248M, but sales of $1.862B missed the $1.904B estimate and net earnings fell from $80M a year earlier. Management flagged an increasingly challenging macro backdrop, while pointing to a $146M Arkansas timberland sale expected to close in Q4, a first biocarbon facility under construction, active data-center talks at seven to eight sites, and a reduced 2026 capex plan with a new buyback that RBC called encouraging. Following the report, Citigroup raised its target to $23 and CIBC kept an Outperformer rating with a $24 target, and the stock climbed from about $19.2 to a $22.25 intraday high on Nov 5. The stock has since slipped back to $20.63 on Nov 10, below the Nov 2 close of $21.29, with volume tapering from the earnings-week peaks. Sales weakness and a cyclical macro backdrop are the main offsets to the analyst support and capital-return story.
News behind the analysis
- RDI Railing Expands Distribution Footprint with WeyerhaeuserRDI Railing, a brand of Oldcastle APG, added 11 new stocking locations through its partnership with Weyerhaeuser.
- CIBC Maintains Weyerhaeuser at Outperformer, Lowers Price Target to $24CIBC kept its Outperformer rating on Weyerhaeuser and cut its price target from $25 to $24.
- CIBC Maintains Outperformer on Weyerhaeuser, Lowers Price Target to $24CIBC retained its Outperformer rating on Weyerhaeuser while lowering its price target to $24.
- RBC Comments on Weyerhaeuser's 2026 Capital Expenditure and Share Buyback PlanRBC analysts called Weyerhaeuser's reduced 2026 capital expenditure and new share buyback program encouraging.
- Citigroup Maintains Buy on Weyerhaeuser, Raises Price Target to $23Citigroup kept its Buy rating on Weyerhaeuser and raised its price target to $23.
- Citigroup Adjusts Price Target on Weyerhaeuser to $23 From $21Citigroup raised its price target on Weyerhaeuser from $21 to $23.
- Weyerhaeuser Q3 2026 Earnings Call TranscriptTranscript of the third-quarter 2026 earnings call, held after results were reported on Friday, Oct 30.
- Weyerhaeuser Actively Discussing Data-center Development At Seven To Eight SitesManagement said it is actively discussing data-center development at seven to eight sites.
- Weyerhaeuser Reports Third Quarter 2026 Financial ResultsNet earnings were $61M ($0.08 per diluted share) and adjusted EBITDA rose 14% to $248M; the company also agreed to sell Arkansas timberlands for $146M.
About Weyerhaeuser Company
Weyerhaeuser is a Seattle-based real estate investment trust (REIT) and one of North America's largest private timberland owners, with roughly 10 million acres of US forest. It also runs big wood-products mills and a growing "Natural Climate Solutions" business that sells forest carbon credits and leases land for renewable energy and minerals. In 2025 it had about $6.9 billion in net sales.
How it makes money
The biggest share of revenue, very roughly two-thirds, comes from Wood Products: lumber, oriented strand board (OSB), engineered wood such as I-joists, and a distribution business, all sold mostly into US homebuilding and repair. The Timberlands segment sells logs harvested from its own forests in the US South and Pacific Northwest, including exports to Asia. Real Estate, Energy & Natural Resources sells rural land and earns money from carbon credits, solar and wind leases, and mineral rights; this segment is small but growing. As a REIT it pays a quarterly base dividend (recently $0.21 per share) and has sometimes added supplemental payouts.
What usually moves WY
- US housing starts and mortgage rates
- Lumber and OSB commodity prices
- Log prices and export demand
- Growth in carbon credits and renewable-energy land deals
- Timberland purchases, sales and share buybacks