Weyerhaeuser Company (WY) Upgraded at BidaskClub
Weyerhaeuser Company (NYSE:WY) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Several other research analysts have also recently issued reports on WY. Bank of America Corporation cut Weyerhaeuser from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $36.00 to $35.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Friday, July 7th. ValuEngine upgraded Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price objective on shares of Weyerhaeuser in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Weyerhaeuser currently has an average rating of “Buy” and an average price target of $36.56.
Weyerhaeuser (NYSE:WY) traded up 2.24% during trading on Wednesday, reaching $33.82. The company had a trading volume of 2,210,290 shares. Weyerhaeuser has a one year low of $28.58 and a one year high of $35.50. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 23.18 and a beta of 1.41. The company has a 50-day moving average price of $33.26 and a 200 day moving average price of $33.08.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Weyerhaeuser had a return on equity of 6.22% and a net margin of 16.58%. Weyerhaeuser’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Analysts expect that Weyerhaeuser will post $0.99 earnings per share for the current year.
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In other Weyerhaeuser news, Director Rick R. Holley sold 33,416 shares of the company’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $35.21, for a total value of $1,176,577.36. Following the sale, the director now owns 571,036 shares of the company’s stock, valued at $20,106,177.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of WY. Confluence Investment Management LLC raised its stake in Weyerhaeuser by 6.2% in the first quarter. Confluence Investment Management LLC now owns 2,280,455 shares of the real estate investment trust’s stock worth $77,490,000 after buying an additional 133,388 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Weyerhaeuser by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 658,397 shares of the real estate investment trust’s stock worth $22,372,000 after buying an additional 18,978 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Weyerhaeuser during the fourth quarter worth approximately $729,000. Kentucky Retirement Systems bought a new stake in Weyerhaeuser during the fourth quarter worth approximately $1,633,000. Finally, Teachers Advisors LLC raised its stake in Weyerhaeuser by 74.4% in the fourth quarter. Teachers Advisors LLC now owns 3,487,661 shares of the real estate investment trust’s stock worth $104,944,000 after buying an additional 1,487,589 shares during the last quarter. 76.57% of the stock is currently owned by institutional investors and hedge funds.
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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