Weyerhaeuser (NYSE:WY) Sets New 1-Year High at $41.76

Weyerhaeuser (NYSE:WY) shares hit a new 52-week high on Thursday . The stock traded as high as $41.76 and last traded at $41.58, with a volume of 9182 shares. The stock had previously closed at $41.05.

Several brokerages recently weighed in on WY. Zacks Investment Research raised Weyerhaeuser from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a report on Monday, October 4th. Raymond James lifted their price objective on Weyerhaeuser from $45.00 to $50.00 and gave the stock a “strong-buy” rating in a report on Monday, November 22nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $40.00.

The company has a current ratio of 2.32, a quick ratio of 2.00 and a debt-to-equity ratio of 0.49. The firm has a market cap of $30.70 billion, a PE ratio of 12.38 and a beta of 1.75. The stock has a fifty day simple moving average of $39.15 and a two-hundred day simple moving average of $36.78.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Thursday, October 28th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.33 billion. Weyerhaeuser had a return on equity of 25.96% and a net margin of 24.69%. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, sell-side analysts predict that Weyerhaeuser will post 3.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 17th. Stockholders of record on Friday, December 3rd were given a dividend of $0.17 per share. The ex-dividend date was Thursday, December 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.66%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 20.54%.

Several institutional investors and hedge funds have recently modified their holdings of WY. FMR LLC boosted its position in shares of Weyerhaeuser by 336.8% during the 1st quarter. FMR LLC now owns 2,072,642 shares of the real estate investment trust’s stock valued at $54,594,000 after acquiring an additional 1,598,165 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Weyerhaeuser by 13.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,543 shares of the real estate investment trust’s stock valued at $4,769,000 after acquiring an additional 16,132 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at about $286,000. Rockefeller Capital Management L.P. boosted its position in shares of Weyerhaeuser by 47.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 6,632 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 2,129 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Weyerhaeuser by 0.9% in the 2nd quarter. Toronto Dominion Bank now owns 569,622 shares of the real estate investment trust’s stock worth $19,606,000 after buying an additional 5,045 shares during the last quarter. Hedge funds and other institutional investors own 81.78% of the company’s stock.

About Weyerhaeuser (NYSE:WY)

Weyerhaeuser Co engages in the manufacture, distribution and sale of forest products. It operates through the following business segments: Timberlands, Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment manages private commercial forestland worldwide, which engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.

Recommended Story: Book Value Per Share – BVPS

Receive News & Ratings for Weyerhaeuser Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyerhaeuser and related companies with MarketBeat.com's FREE daily email newsletter.