Weyerhaeuser (WY) Downgraded by Zacks Investment Research to “Hold”

Weyerhaeuser (NYSE:WY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday. They currently have a $40.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price objective points to a potential upside of 12.68% from the company’s previous close.

According to Zacks, “We believe that Weyerhaeuser is poised to benefit from the recovery of the housing market in the United States, its inorganic policies and cost-control measures in the years ahead. In November, the company hiked its quarterly dividend rate by 3.2%. Such disbursements reflect the company's strong cash position and its commitment toward rewarding its shareholders handsomely. For the fourth quarter (results not yet released), the company anticipates sequentially higher earnings for the Timberland and Real Estate, Energy & Natural Resources segments. Savings from operational initiatives will be within $95-$125 million in 2017. On the flip side, headwinds like high debt levels, unfavorable foreign currency movements and industry competition might restrict the company's growth in the quarters ahead. In the last three months, the company's shares have underperformed the industry and look overvalued comparatively.”

WY has been the topic of several other research reports. Stephens started coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 target price on the stock. Argus lifted their target price on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, TheStreet raised shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.40.

Shares of Weyerhaeuser (NYSE WY) traded up $0.23 during midday trading on Friday, reaching $35.50. 2,603,900 shares of the company traded hands, compared to its average volume of 2,895,980. The stock has a market cap of $26,800.00, a price-to-earnings ratio of 72.45, a PEG ratio of 5.34 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.15 and a current ratio of 1.48. Weyerhaeuser has a 12 month low of $29.88 and a 12 month high of $36.92.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.87 billion during 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 firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. research analysts predict that Weyerhaeuser will post 1.2 EPS for the current fiscal year.

In other news, insider Rhonda D. Hunter sold 45,939 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $35.72, for a total transaction of $1,640,941.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rick R. Holley sold 227,341 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $35.05, for a total transaction of $7,968,302.05. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 296,623 shares of company stock worth $10,452,392. 1.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in WY. Federated Investors Inc. PA boosted its position in shares of Weyerhaeuser by 58.1% during the 2nd quarter. Federated Investors Inc. PA now owns 47,547 shares of the real estate investment trust’s stock valued at $1,592,000 after acquiring an additional 17,473 shares during the last quarter. Synovus Financial Corp lifted its position in Weyerhaeuser by 62.8% in the second quarter. Synovus Financial Corp now owns 20,754 shares of the real estate investment trust’s stock valued at $697,000 after buying an additional 8,002 shares during the last quarter. Farr Miller & Washington LLC DC lifted its position in Weyerhaeuser by 0.7% in the second quarter. Farr Miller & Washington LLC DC now owns 56,134 shares of the real estate investment trust’s stock valued at $1,880,000 after buying an additional 380 shares during the last quarter. Atlantic Trust Group LLC lifted its position in Weyerhaeuser by 8.8% in the second quarter. Atlantic Trust Group LLC now owns 332,725 shares of the real estate investment trust’s stock valued at $11,147,000 after buying an additional 26,874 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its position in Weyerhaeuser by 1.7% in the second quarter. Guyasuta Investment Advisors Inc. now owns 107,736 shares of the real estate investment trust’s stock valued at $3,609,000 after buying an additional 1,759 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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About Weyerhaeuser

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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