Aperio Group LLC boosted its stake in Weyerhaeuser Co (NYSE:WY) by 9.0% during the first quarter, HoldingsChannel reports. The firm owned 374,617 shares of the real estate investment trust’s stock after buying an additional 30,796 shares during the period. Aperio Group LLC’s holdings in Weyerhaeuser were worth $13,112,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Weyerhaeuser by 0.6% in the fourth quarter. BlackRock Inc. now owns 50,358,161 shares of the real estate investment trust’s stock valued at $1,775,629,000 after purchasing an additional 311,144 shares in the last quarter. First Eagle Investment Management LLC raised its stake in Weyerhaeuser by 1.0% in the first quarter. First Eagle Investment Management LLC now owns 37,995,660 shares of the real estate investment trust’s stock valued at $1,329,848,000 after purchasing an additional 377,191 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Weyerhaeuser by 9.2% during the first quarter. American Century Companies Inc. now owns 17,546,466 shares of the real estate investment trust’s stock worth $614,126,000 after acquiring an additional 1,482,573 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Weyerhaeuser by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 11,135,004 shares of the real estate investment trust’s stock worth $392,620,000 after acquiring an additional 30,203 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Weyerhaeuser by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 9,349,634 shares of the real estate investment trust’s stock worth $329,076,000 after acquiring an additional 318,697 shares in the last quarter. 75.48% of the stock is currently owned by institutional investors and hedge funds.
Weyerhaeuser opened at $36.45 on Monday, MarketBeat reports. The company has a market cap of $27.59 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 4.98 and a beta of 1.38. Weyerhaeuser Co has a one year low of $30.95 and a one year high of $37.89. The company has a current ratio of 2.11, a quick ratio of 1.62 and a debt-to-equity ratio of 0.69.
Weyerhaeuser (NYSE:WY) last posted its quarterly earnings results on Friday, April 27th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Weyerhaeuser had a net margin of 9.42% and a return on equity of 10.88%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the firm posted $0.22 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. analysts anticipate that Weyerhaeuser Co will post 1.46 EPS for the current year.
In other news, VP Jeanne M. Hillman sold 15,389 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.35% of the stock is currently owned by company insiders.
Several research analysts have commented on the stock. Citigroup lifted their price target on shares of Weyerhaeuser from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Zacks Investment Research raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, Bank of America raised shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research note 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 stock presently has an average rating of “Buy” and an average price target of $38.00.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.
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