Weyerhaeuser (NYSE:WY) was downgraded by equities researchers at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Monday, Price Targets.com reports. They presently have a $35.00 price objective on the real estate investment trust’s stock. Stephens’ price objective indicates a potential downside of 10.69% from the stock’s current price.
A number of other research firms have also issued reports on WY. Raymond James raised Weyerhaeuser from an “outperform” rating to a “strong-buy” rating in a report on Monday, April 26th. DA Davidson boosted their target price on Weyerhaeuser from $29.00 to $34.00 in a report on Monday, February 1st. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.33.
WY opened at $39.19 on Monday. The firm has a market cap of $29.34 billion, a price-to-earnings ratio of 95.59 and a beta of 1.96. Weyerhaeuser has a 52 week low of $16.05 and a 52 week high of $40.56. The business’s 50 day moving average is $37.02 and its two-hundred day moving average is $33.25. The company has a quick ratio of 1.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.77.
Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 29th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.93 by ($0.02). The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.45 billion. Weyerhaeuser had a net margin of 4.67% and a return on equity of 3.59%. The company’s revenue for the quarter was up 45.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Equities analysts expect that Weyerhaeuser will post 0.95 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. boosted its position in Weyerhaeuser by 38.4% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,569,212 shares of the real estate investment trust’s stock worth $220,266,000 after purchasing an additional 1,821,796 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Weyerhaeuser by 56.6% in the fourth quarter. Victory Capital Management Inc. now owns 515,440 shares of the real estate investment trust’s stock valued at $17,283,000 after acquiring an additional 186,386 shares in the last quarter. Centre Asset Management LLC purchased a new stake in shares of Weyerhaeuser in the first quarter valued at $4,915,000. BBVA USA Bancshares Inc. lifted its position in shares of Weyerhaeuser by 257.9% in the fourth quarter. BBVA USA Bancshares Inc. now owns 53,496 shares of the real estate investment trust’s stock valued at $1,793,000 after acquiring an additional 38,547 shares in the last quarter. Finally, Litman Gregory Asset Management LLC purchased a new stake in shares of Weyerhaeuser in the fourth quarter valued at $36,000. Institutional investors own 77.46% of the company’s stock.
Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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: Holder of Record
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