Huntington Steele LLC Has $18.52 Million Stake in Weyerhaeuser Company (NYSE:WY)

Huntington Steele LLC raised its stake in Weyerhaeuser Company (NYSE:WY) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 552,899 shares of the real estate investment trust’s stock after buying an additional 6,069 shares during the period. Weyerhaeuser makes up about 5.6% of Huntington Steele LLC’s investment portfolio, making the stock its 5th largest position. Huntington Steele LLC owned about 0.07% of Weyerhaeuser worth $18,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WY. Alexandria Capital LLC boosted its position in shares of Weyerhaeuser by 0.3% in the first quarter. Alexandria Capital LLC now owns 3,474 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 12 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in shares of Weyerhaeuser by 0.4% in the first quarter. Kistler Tiffany Companies LLC now owns 4,655 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 20 shares in the last quarter. Cambridge Advisors Inc. boosted its position in shares of Weyerhaeuser by 0.3% in the first quarter. Cambridge Advisors Inc. now owns 8,834 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 30 shares in the last quarter. New England Private Wealth Advisors LLC boosted its position in shares of Weyerhaeuser by 0.4% in the first quarter. New England Private Wealth Advisors LLC now owns 10,625 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 42 shares in the last quarter. Finally, Loudon Investment Management LLC boosted its position in shares of Weyerhaeuser by 1.2% in the first quarter. Loudon Investment Management LLC now owns 6,845 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 76.20% of the company’s stock.

Shares of Weyerhaeuser Company (WY) opened at 31.17 on Friday. The firm has a 50-day moving average price of $32.88 and a 200-day moving average price of $33.35. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 24.50 and a beta of 1.40. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.50.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. Weyerhaeuser had a return on equity of 7.17% and a net margin of 14.09%. Weyerhaeuser’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. On average, equities analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.

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WY has been the subject of a number of research analyst reports. Citigroup Inc. restated a “buy” rating and issued a $39.00 price target (up previously from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. BMO Capital Markets restated a “buy” rating and issued a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $40.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, May 23rd. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $37.00.

Weyerhaeuser Company Profile

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.

Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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