Capital Investment Advisors LLC bought a new position in Weyerhaeuser Co (NYSE:WY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,739 shares of the real estate investment trust’s stock, valued at approximately $273,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Riverhead Capital Management LLC boosted its position in shares of Weyerhaeuser by 1.2% in the second quarter. Riverhead Capital Management LLC now owns 13,872 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 169 shares during the period. Laurel Wealth Advisors Inc. boosted its position in shares of Weyerhaeuser by 0.7% in the second quarter. Laurel Wealth Advisors Inc. now owns 39,387 shares of the real estate investment trust’s stock valued at $1,319,000 after acquiring an additional 276 shares during the period. Van ECK Associates Corp boosted its position in shares of Weyerhaeuser by 1.5% in the second quarter. Van ECK Associates Corp now owns 18,310 shares of the real estate investment trust’s stock valued at $613,000 after acquiring an additional 278 shares during the period. Wealthfront Inc. boosted its position in shares of Weyerhaeuser by 2.6% in the second quarter. Wealthfront Inc. now owns 11,554 shares of the real estate investment trust’s stock valued at $387,000 after acquiring an additional 295 shares during the period. Finally, Flinton Capital Management LLC boosted its position in shares of Weyerhaeuser by 1.4% in the second quarter. Flinton Capital Management LLC now owns 21,588 shares of the real estate investment trust’s stock valued at $723,000 after acquiring an additional 308 shares during the period. Hedge funds and other institutional investors own 74.79% of the company’s stock.
A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday. TheStreet upgraded shares of Weyerhaeuser from a “c+” rating to a “b-” rating in a research report on Wednesday, November 8th. Stephens assumed coverage on shares of Weyerhaeuser in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $35.00 price objective for the company. Argus raised their price objective on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Bank of America upgraded shares of Weyerhaeuser from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $37.44.
Shares of Weyerhaeuser Co (NYSE:WY) traded up $0.19 during trading on Friday, reaching $33.79. 4,764,439 shares of the company’s stock traded hands, compared to its average volume of 4,590,000. Weyerhaeuser Co has a twelve month low of $30.95 and a twelve month high of $37.89. The company has a market capitalization of $25,510.00, a price-to-earnings ratio of 43.88, a PEG ratio of 5.04 and a beta of 1.42. The company has a current ratio of 1.47, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, February 2nd. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Weyerhaeuser had a net margin of 8.09% and a return on equity of 9.62%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. analysts anticipate that Weyerhaeuser Co will post 1.34 EPS for the current year.
In other news, insider Rhonda D. Hunter sold 23,343 shares of the business’s 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 completion of the sale, the insider now directly owns 98,973 shares in the company, valued at approximately $3,574,904.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
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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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