Weyerhaeuser Co (NYSE:WY) has been given a consensus rating of “Hold” by the twelve research firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $38.00.
A number of research firms have commented on WY. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research note on Wednesday, November 8th. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating and set a $39.00 target price on the stock. in a research note on Saturday, January 13th. Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a report on Wednesday, January 24th. Stephens started coverage on shares of Weyerhaeuser in a report on Tuesday, October 24th. They set an “equal weight” rating and a $35.00 price objective for the company. Finally, Argus increased 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.
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 directly owns 98,973 shares of the company’s stock, valued at approximately $3,574,904.76. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Virtu KCG Holdings LLC grew its holdings in shares of Weyerhaeuser by 123.4% in the second quarter. Virtu KCG Holdings LLC now owns 29,249 shares of the real estate investment trust’s stock valued at $980,000 after purchasing an additional 16,158 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Weyerhaeuser by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 325,599 shares of the real estate investment trust’s stock valued at $10,906,000 after purchasing an additional 14,267 shares in the last quarter. QS Investors LLC grew its holdings in shares of Weyerhaeuser by 29.0% in the second quarter. QS Investors LLC now owns 61,845 shares of the real estate investment trust’s stock valued at $2,072,000 after purchasing an additional 13,896 shares in the last quarter. Capital World Investors grew its holdings in shares of Weyerhaeuser by 67.0% in the second quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock valued at $592,798,000 after purchasing an additional 7,096,454 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Weyerhaeuser by 7.6% in the second quarter. Royal Bank of Canada now owns 6,289,685 shares of the real estate investment trust’s stock valued at $210,704,000 after purchasing an additional 445,781 shares in the last quarter. 74.76% of the stock is owned by institutional investors and hedge funds.
Weyerhaeuser (NYSE WY) traded down $0.28 during midday trading on Tuesday, reaching $36.79. 5,426,086 shares of the company’s stock were exchanged, compared to its average volume of 4,063,904. Weyerhaeuser has a 12 month low of $30.75 and a 12 month high of $37.89. The company has a market cap of $27,770.00, a PE ratio of 75.08, a price-to-earnings-growth ratio of 5.63 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.
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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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