Weyerhaeuser (NYSE:WY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $41.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target suggests a potential upside of 11.26% from the stock’s previous close.
According to Zacks, “In the last three months, Weyerhaeuser's shares have outperformed the industry. We believe that the company is poised to benefit from the recovery of the housing market in the United States, its inorganic policies and cost-control measures for the years ahead. For 2018, the company anticipates reaping a benefit of $40-$50 million from the Timberlands segment, driven by its operational initiatives, while the same is expected to be $40-$60 million for the Wood Products segment. In the first quarter of 2018, the company anticipates sequentially comparable earnings for Timberlands and Wood Products segments. Also, the company is committed to rewarding the shareholders handsomely. In the last 60 days, earnings estimates on the stock have improved for both 2018 and 2019.”
Separately, Bank of America raised Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $37.67.
Shares of WY opened at $36.85 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.47 and a quick ratio of 1.14. The stock has a market capitalization of $27,582.45, a PE ratio of 32.04, a P/E/G ratio of 5.38 and a beta of 1.37. Weyerhaeuser has a 1 year low of $30.95 and a 1 year high of $37.89.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings data on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. sell-side analysts expect that Weyerhaeuser will post 1.36 EPS for the current year.
In other Weyerhaeuser news, VP Jeanne M. Hillman sold 15,389 shares of Weyerhaeuser stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.22, for a total transaction of $542,000.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.35% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exane Derivatives increased its position in Weyerhaeuser by 94,833.3% during the fourth quarter. Exane Derivatives now owns 2,848 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 2,845 shares during the period. Barrett Asset Management LLC increased its position in Weyerhaeuser by 102.2% during the fourth quarter. Barrett Asset Management LLC now owns 3,134 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,584 shares during the period. Cornerstone Advisors Inc. increased its position in Weyerhaeuser by 324.7% during the fourth quarter. Cornerstone Advisors Inc. now owns 4,565 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 3,490 shares during the period. Truewealth LLC acquired a new position in Weyerhaeuser during the fourth quarter worth approximately $185,000. Finally, Wolverine Asset Management LLC increased its position in Weyerhaeuser by 1,112.7% during the fourth quarter. Wolverine Asset Management LLC now owns 5,639 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 5,174 shares during the period. 75.96% of the stock is currently owned by institutional investors.
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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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