Solaris Asset Management LLC Purchases 2,495 Shares of Weyerhaeuser Co (WY)

Solaris Asset Management LLC boosted its position in Weyerhaeuser Co (NYSE:WY) by 50.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,440 shares of the real estate investment trust’s stock after purchasing an additional 2,495 shares during the quarter. Solaris Asset Management LLC’s holdings in Weyerhaeuser were worth $262,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Capital World Investors raised its position in shares of Weyerhaeuser by 67.0% during the 2nd quarter. Capital World Investors now owns 17,695,470 shares of the real estate investment trust’s stock worth $592,798,000 after buying an additional 7,096,454 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Weyerhaeuser by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 49,408,860 shares of the real estate investment trust’s stock worth $1,655,198,000 after buying an additional 1,535,736 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Weyerhaeuser by 110.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,818,177 shares of the real estate investment trust’s stock worth $95,903,000 after buying an additional 1,476,159 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Weyerhaeuser by 1,559.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,067 shares of the real estate investment trust’s stock worth $49,550,000 after buying an additional 1,389,961 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Weyerhaeuser by 2.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 37,712,997 shares of the real estate investment trust’s stock worth $1,283,373,000 after buying an additional 951,807 shares in the last quarter. Hedge funds and other institutional investors own 74.76% of the company’s stock.

WY has been the topic of several recent research reports. TheStreet raised 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 price objective on the stock. in a research note on Saturday. Stephens initiated coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective on the stock. Finally, Argus lifted their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $37.44.

Shares of Weyerhaeuser Co (NYSE:WY) traded up $0.27 on Tuesday, hitting $35.26. 2,891,400 shares of the stock traded hands, compared to its average volume of 3,091,956. The firm has a market cap of $26,510.00, a PE ratio of 71.96, a P/E/G ratio of 5.26 and a beta of 1.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 1.15. Weyerhaeuser Co has a 12 month low of $29.88 and a 12 month high of $36.92.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 27th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. equities research analysts forecast that Weyerhaeuser Co will post 1.2 earnings per share for the current fiscal year.

In other news, insider Rhonda D. Hunter sold 23,343 shares of Weyerhaeuser stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $36.12, for a total value of $843,149.16. Following the transaction, the insider now directly owns 98,973 shares of the company’s stock, valued at $3,574,904.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

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Weyerhaeuser Profile

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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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