Weyerhaeuser (NYSE:WY) Sets New 1-Year High at $29.25

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Weyerhaeuser Co (NYSE:WY) hit a new 52-week high on Tuesday . The company traded as high as $29.25 and last traded at $29.15, with a volume of 1746802 shares traded. The stock had previously closed at $28.73.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated a “buy” rating on shares of Weyerhaeuser in a report on Tuesday, September 17th. ValuEngine upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets set a $32.00 price objective on shares of Weyerhaeuser and gave the stock a “buy” rating in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.67.

The firm has a market capitalization of $21.07 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 10.52 and a beta of 1.67. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The business’s 50 day simple moving average is $27.38 and its two-hundred day simple moving average is $25.93.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 26th. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.73 billion. Weyerhaeuser had a net margin of 0.01% and a return on equity of 5.47%. The company’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. As a group, equities research analysts anticipate that Weyerhaeuser Co will post 0.54 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in WY. Vanguard Group Inc. raised its stake in Weyerhaeuser by 12.4% during the 2nd quarter. Vanguard Group Inc. now owns 107,715,183 shares of the real estate investment trust’s stock valued at $2,837,219,000 after buying an additional 11,845,982 shares during the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at $197,323,000. FMR LLC grew 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 period. Jennison Associates LLC bought a new stake in shares of Weyerhaeuser during the 2nd quarter valued at $28,920,000. Finally, Renaissance Technologies LLC grew its position in shares of Weyerhaeuser by 748.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,164,540 shares of the real estate investment trust’s stock valued at $30,674,000 after acquiring an additional 1,027,340 shares during the period. Institutional investors and hedge funds own 76.95% of the company’s stock.

Weyerhaeuser Company Profile (NYSE:WY)

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 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.

Further Reading: Percentage Decliners

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