Weyerhaeuser (NYSE:WY) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Weyerhaeuser (NYSE:WY – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other brokerages have also recently issued reports on WY. Citigroup lifted their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. Raymond James boosted their price objective on shares of Weyerhaeuser from $38.00 to $42.00 and gave the company a “strong-buy” rating in a research report on Monday, February 13th. Finally, BMO Capital Markets cut their price target on shares of Weyerhaeuser from $42.00 to $36.00 and set a “market perform” rating on the stock in a report on Monday, February 6th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $37.43.

Weyerhaeuser Price Performance

WY stock opened at $29.59 on Thursday. The company’s fifty day simple moving average is $32.13 and its 200 day simple moving average is $31.52. Weyerhaeuser has a 12-month low of $27.36 and a 12-month high of $42.86. The firm has a market cap of $21.67 billion, a price-to-earnings ratio of 11.70 and a beta of 1.47. The company has a quick ratio of 1.26, a current ratio of 1.58 and a debt-to-equity ratio of 0.38.

Weyerhaeuser (NYSE:WY – Get Rating) last released its earnings results on Friday, January 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Weyerhaeuser had a net margin of 18.46% and a return on equity of 21.08%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 17.4% on a year-over-year basis. On average, analysts expect that Weyerhaeuser will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Devin W. Stockfish sold 1,800 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $36.00, for a total transaction of $64,800.00. Following the completion of the sale, the chief executive officer now directly owns 567,381 shares of the company’s stock, valued at approximately $20,425,716. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Weyerhaeuser

Institutional investors have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its stake in Weyerhaeuser by 2.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 11,587 shares of the real estate investment trust’s stock valued at $359,000 after buying an additional 297 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Weyerhaeuser by 3.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 9,907 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 299 shares during the period. Marble Harbor Investment Counsel LLC boosted its stake in Weyerhaeuser by 1.7% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 18,418 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 300 shares during the last quarter. Montgomery Investment Management Inc. lifted its position in shares of Weyerhaeuser by 1.0% during the 4th quarter. Montgomery Investment Management Inc. now owns 30,525 shares of the real estate investment trust’s stock worth $946,000 after buying an additional 300 shares in the last quarter. Finally, Sargent Bickham Lagudis LLC raised its holdings in shares of Weyerhaeuser by 36.2% in the 4th quarter. Sargent Bickham Lagudis LLC now owns 1,203 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 320 shares during the period. 80.86% of the stock is owned by institutional investors and hedge funds.

Weyerhaeuser Company Profile

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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, engages in growing and harvesting trees for lumber, building, pulp, paper and other wood products.