BT Investment Management Ltd Boosts Stake in Weyerhaeuser Co (WY)

BT Investment Management Ltd raised its stake in Weyerhaeuser Co (NYSE:WY) by 26.3% in the fourth quarter, Holdings Channel reports. The fund owned 62,294 shares of the real estate investment trust’s stock after purchasing an additional 12,983 shares during the quarter. BT Investment Management Ltd’s holdings in Weyerhaeuser were worth $2,196,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Weyerhaeuser by 3.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 115,879 shares of the real estate investment trust’s stock worth $4,126,000 after acquiring an additional 4,094 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Weyerhaeuser by 6.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 59,239 shares of the real estate investment trust’s stock worth $2,089,000 after acquiring an additional 3,690 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Weyerhaeuser by 1.4% in the fourth quarter. WASHINGTON TRUST Co now owns 205,961 shares of the real estate investment trust’s stock worth $7,263,000 after acquiring an additional 2,936 shares during the last quarter. American Trust Investment Advisors LLC lifted its holdings in shares of Weyerhaeuser by 8.9% in the fourth quarter. American Trust Investment Advisors LLC now owns 38,695 shares of the real estate investment trust’s stock worth $1,364,000 after acquiring an additional 3,150 shares during the last quarter. Finally, Huntington National Bank raised its holdings in Weyerhaeuser by 29.2% in the 4th quarter. Huntington National Bank now owns 34,519 shares of the real estate investment trust’s stock valued at $1,217,000 after buying an additional 7,795 shares during the last quarter. 74.79% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on WY. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a report on Wednesday, November 8th. Argus raised their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Saturday, January 6th. Finally, Stephens began coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.44.

Weyerhaeuser Co (NYSE:WY) opened at $33.79 on Friday. The stock has a market cap of $25,510.00, a P/E ratio of 43.88, a P/E/G ratio of 5.05 and a beta of 1.42. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.70. Weyerhaeuser Co has a fifty-two week low of $30.95 and a fifty-two week high of $37.89.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.89 billion. Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. equities analysts expect that Weyerhaeuser Co will post 1.37 earnings per share for the current year.

In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the completion of the sale, the insider now owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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