Weyerhaeuser Co (NYSE:WY)’s share price gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $39.37, but opened at $37.16. Weyerhaeuser shares last traded at $35.68, with a volume of 10419440 shares trading hands.
The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis.
WY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Saturday, January 6th. Argus raised their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Stephens initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price target on the stock. Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 24th. Finally, TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $37.44.
In related news, insider Rhonda D. Hunter sold 23,343 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the completion of the transaction, the insider now owns 98,973 shares in the company, valued at approximately $3,574,904.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont raised its holdings in Weyerhaeuser by 4.3% in the 3rd quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock valued at $2,668,000 after buying an additional 3,231 shares during the last quarter. Eagle Ridge Investment Management raised its holdings in Weyerhaeuser by 3.0% during the 4th quarter. Eagle Ridge Investment Management now owns 189,348 shares of the real estate investment trust’s stock worth $6,676,000 after purchasing an additional 5,439 shares during the last quarter. Atlantic Trust Group LLC raised its holdings in Weyerhaeuser by 8.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock worth $12,249,000 after purchasing an additional 27,233 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Weyerhaeuser by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock worth $40,735,000 after purchasing an additional 7,084 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in Weyerhaeuser by 11.8% during the 3rd quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock worth $6,286,000 after purchasing an additional 19,570 shares during the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.
The company has a quick ratio of 1.15, a current ratio of 1.48 and a debt-to-equity ratio of 0.71. The stock has a market cap of $26,930.00, a price-to-earnings ratio of 72.82, a PEG ratio of 5.59 and a beta of 1.42.
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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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