Tower Bridge Advisors increased its stake in shares of Weyerhaeuser Company (NYSE:WY) by 40.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,085 shares of the real estate investment trust’s stock after buying an additional 35,448 shares during the period. Tower Bridge Advisors’ holdings in Weyerhaeuser were worth $4,157,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in WY. Pinnacle Bank bought a new stake in shares of Weyerhaeuser during the first quarter valued at about $156,000. DnB Asset Management AS boosted its stake in shares of Weyerhaeuser by 20.7% in the first quarter. DnB Asset Management AS now owns 77,699 shares of the real estate investment trust’s stock valued at $2,640,000 after buying an additional 13,300 shares in the last quarter. OLD Second National Bank of Aurora boosted its stake in shares of Weyerhaeuser by 17,880.5% in the first quarter. OLD Second National Bank of Aurora now owns 80,373 shares of the real estate investment trust’s stock valued at $2,731,000 after buying an additional 79,926 shares in the last quarter. Peoples Financial Services CORP. boosted its stake in shares of Weyerhaeuser by 3.0% in the first quarter. Peoples Financial Services CORP. now owns 58,566 shares of the real estate investment trust’s stock valued at $1,989,000 after buying an additional 1,700 shares in the last quarter. Finally, Eagle Ridge Investment Management boosted its stake in shares of Weyerhaeuser by 7.6% in the first quarter. Eagle Ridge Investment Management now owns 168,756 shares of the real estate investment trust’s stock valued at $5,734,000 after buying an additional 11,865 shares in the last quarter. 76.21% of the stock is owned by institutional investors.
Shares of Weyerhaeuser Company (NYSE:WY) opened at 32.22 on Friday. The stock has a market capitalization of $24.26 billion, a PE ratio of 25.33 and a beta of 1.40. The company’s 50-day moving average is $33.12 and its 200-day moving average is $33.34. Weyerhaeuser Company has a 12 month low of $28.58 and a 12 month high of $35.50.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business posted $0.17 EPS. Weyerhaeuser’s revenue was up 9.2% compared to the same quarter last year. Equities research analysts expect that Weyerhaeuser Company will post $1.05 earnings per share for the current fiscal year.
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Several analysts have recently issued reports on WY shares. Zacks Investment Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Citigroup Inc. reaffirmed a “buy” rating and set a $39.00 price target (up from $38.00) on shares of Weyerhaeuser in a research report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of Weyerhaeuser in a research report on Tuesday, April 18th. BidaskClub raised shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus target price of $37.13.
Weyerhaeuser Company 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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