Weyerhaeuser Co (NYSE:WY) had its price objective lifted by Argus from $37.00 to $39.00 in a research report report published on Thursday. Argus currently has a buy rating on the real estate investment trust’s stock.
Other research analysts have also issued reports about the company. Zacks Investment Research lowered Weyerhaeuser from a buy rating to a hold rating in a research report on Wednesday, August 2nd. BidaskClub lowered Weyerhaeuser from a buy rating to a hold rating in a research report on Saturday, July 8th. Royal Bank Of Canada reissued a buy rating and issued a $40.00 price objective on shares of Weyerhaeuser in a research report on Monday, September 4th. JMP Securities lowered Weyerhaeuser from an outperform rating to a market perform rating and set a $36.00 price objective for the company. in a research report on Monday, August 14th. Finally, Bank of America Corporation lowered Weyerhaeuser from a buy rating to a neutral rating and lowered their price objective for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $37.20.
Weyerhaeuser (NYSE:WY) traded down $0.10 during mid-day trading on Thursday, hitting $35.71. The stock had a trading volume of 2,420,188 shares, compared to its average volume of 2,500,000. Weyerhaeuser has a 1 year low of $28.60 and a 1 year high of $36.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. The company has a market cap of $26.95 billion, a price-to-earnings ratio of 36.34, a PEG ratio of 6.05 and a beta of 1.46.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a return on equity of 8.15% and a net margin of 12.37%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company posted $0.30 EPS. The business’s quarterly revenue was up 9.5% on a year-over-year basis. equities analysts forecast that Weyerhaeuser will post 1.18 earnings per share for the current year.
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In related news, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in WY. First Interstate Bank boosted its stake in Weyerhaeuser by 4.3% during the 1st quarter. First Interstate Bank now owns 10,898 shares of the real estate investment trust’s stock valued at $370,000 after purchasing an additional 452 shares during the last quarter. BB&T Securities LLC boosted its stake in Weyerhaeuser by 10.1% during the 1st quarter. BB&T Securities LLC now owns 235,157 shares of the real estate investment trust’s stock valued at $7,990,000 after purchasing an additional 21,619 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Weyerhaeuser by 137.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,151 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 2,400 shares during the last quarter. LMR Partners LLP boosted its stake in Weyerhaeuser by 251.0% during the 1st quarter. LMR Partners LLP now owns 36,463 shares of the real estate investment trust’s stock valued at $1,239,000 after purchasing an additional 26,076 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Weyerhaeuser during the 1st quarter valued at about $1,760,000. Institutional investors and hedge funds own 75.26% of the company’s stock.
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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