Shares of Weyerhaeuser Co (NYSE:WY) have earned an average rating of “Buy” from the twelve brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.25.
Several brokerages have recently commented on WY. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of Weyerhaeuser in a report on Tuesday. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Monday, April 10th. BMO Capital Markets restated a “buy” rating and set a $36.00 price objective on shares of Weyerhaeuser in a report on Wednesday, April 12th. Raymond James Financial, Inc. upgraded shares of Weyerhaeuser from an “outperform” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research note on Monday, January 9th. Finally, CLSA lowered shares of Weyerhaeuser from an “outperform” rating to an “underperform” rating in a research report on Wednesday, December 21st.
Weyerhaeuser (NYSE:WY) traded up 0.826% during midday trading on Monday, reaching $34.775. The company’s stock had a trading volume of 1,528,965 shares. The firm has a 50-day moving average price of $33.87 and a 200 day moving average price of $31.91. Weyerhaeuser has a 52-week low of $26.55 and a 52-week high of $35.18. The stock has a market capitalization of $26.05 billion, a price-to-earnings ratio of 24.857 and a beta of 1.36.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, February 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.02. Weyerhaeuser had a net margin of 15.11% and a return on equity of 5.98%. The business earned $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. Equities research analysts predict that Weyerhaeuser will post $1.01 EPS for the current fiscal year.
In other news, insider Rhonda D. Hunter sold 2,190 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $30.98, for a total transaction of $67,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rick R. Holley sold 180,556 shares of the firm’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $35.07, for a total value of $6,332,098.92. The disclosure for this sale can be found here. Insiders sold a total of 237,585 shares of company stock valued at $8,258,608 over the last three months. 1.30% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Weyerhaeuser by 5.7% in the third quarter. Assetmark Inc. now owns 3,424 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 185 shares in the last quarter. JJJ Advisors Inc. bought a new position in Weyerhaeuser during the fourth quarter valued at about $113,000. Security National Trust Co. raised its position in Weyerhaeuser by 99.7% in the third quarter. Security National Trust Co. now owns 3,835 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,915 shares during the period. Independent Advisor Alliance bought a new position in Weyerhaeuser during the fourth quarter valued at about $124,000. Finally, Northwest Quadrant Wealth Management LLC bought a new position in Weyerhaeuser during the fourth quarter valued at about $133,000. Institutional investors and hedge funds own 77.72% of the company’s stock.
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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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