Weyerhaeuser (NYSE:WY) was upgraded by equities researchers at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat.com reports.
WY has been the topic of a number of other research reports. Stephens began coverage on Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target on the stock. TheStreet upgraded Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Argus increased their price target on Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research cut Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research note on Saturday, January 13th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $37.44.
Shares of Weyerhaeuser (NYSE WY) traded up $0.12 during trading on Wednesday, hitting $37.85. The stock had a trading volume of 5,932,359 shares, compared to its average volume of 3,370,000. Weyerhaeuser has a one year low of $30.75 and a one year high of $37.89. The company has a market cap of $28,570.00, a PE ratio of 77.24, a P/E/G ratio of 5.61 and a beta of 1.45. The company has a current ratio of 1.48, a quick ratio of 1.15 and a debt-to-equity ratio of 0.71.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. analysts forecast that Weyerhaeuser will post 1.2 earnings per share for the current fiscal year.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 45,939 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $35.72, for a total transaction of $1,640,941.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $36.12, for a total value of $843,149.16. Following the transaction, the insider now owns 98,973 shares in the company, valued at approximately $3,574,904.76. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Chicago Partners Investment Group LLC increased its position in Weyerhaeuser by 60.5% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,853 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,453 shares during the period. Cornerstone Advisors Inc. grew its holdings in shares of Weyerhaeuser by 324.7% during the 4th quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 3,490 shares in the last quarter. Boston Private Wealth LLC acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth $206,000. Sky Investment Group LLC acquired a new stake in shares of Weyerhaeuser during the 4th quarter worth $207,000. Finally, NBT Bank N A NY acquired a new stake in shares of Weyerhaeuser during the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 74.75% of the company’s stock.
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Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.