Granite Investment Advisors LLC cut its holdings in Weyerhaeuser Company (NYSE:WY) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,242 shares of the real estate investment trust’s stock after selling 5,851 shares during the period. Granite Investment Advisors LLC’s holdings in Weyerhaeuser were worth $4,977,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of WY. Barnett & Company Inc. acquired a new stake in Weyerhaeuser in the second quarter valued at $101,000. Dupont Capital Management Corp acquired a new stake in Weyerhaeuser in the second quarter valued at $109,000. Alexandria Capital LLC raised its stake in Weyerhaeuser by 0.3% in the second quarter. Alexandria Capital LLC now owns 3,486 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 12 shares in the last quarter. Gemmer Asset Management LLC raised its stake in Weyerhaeuser by 0.5% in the second quarter. Gemmer Asset Management LLC now owns 4,146 shares of the real estate investment trust’s stock valued at $139,000 after buying an additional 20 shares in the last quarter. Finally, First Command Bank raised its stake in Weyerhaeuser by 73.1% in the second quarter. First Command Bank now owns 4,178 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 1,765 shares in the last quarter. Institutional investors own 75.26% of the company’s stock.
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A number of research firms have weighed in on WY. 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. JMP Securities cut Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research note on Monday, August 14th. BMO Capital Markets cut Weyerhaeuser from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 22nd. TheStreet cut Weyerhaeuser from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, BidaskClub cut Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.00.
Shares of Weyerhaeuser Company (NYSE WY) traded up 0.08% during trading on Monday, hitting $35.54. The company’s stock had a trading volume of 904,004 shares. The firm’s 50 day moving average price is $34.15 and its 200-day moving average price is $33.41. The company has a market cap of $26.76 billion, a PE ratio of 27.94 and a beta of 1.39. Weyerhaeuser Company has a 52 week low of $28.58 and a 52 week high of $35.89.
Weyerhaeuser (NYSE:WY) last issued its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS. On average, analysts predict that Weyerhaeuser Company will post $1.08 earnings per share for the current year.
In other news, Director Rick R. Holley sold 227,341 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total value of $7,968,302.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.
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.
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