Weyerhaeuser (NYSE:WY) PT Raised to $42.00

Weyerhaeuser (NYSE:WY) had its price target boosted by Citigroup from $41.00 to $42.00 in a research report report published on Monday, April 30th. They currently have a buy rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on WY. Zacks Investment Research raised shares of Weyerhaeuser from a sell rating to a hold rating in a research note on Tuesday, February 27th. Bank of America raised shares of Weyerhaeuser from a neutral rating to a buy rating in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $38.00.

Shares of NYSE:WY traded up $0.17 during trading on Monday, reaching $36.13. 3,341,152 shares of the company’s stock traded hands, compared to its average volume of 4,279,657. The company has a quick ratio of 1.62, a current ratio of 2.11 and a debt-to-equity ratio of 0.69. Weyerhaeuser has a 12 month low of $35.98 and a 12 month high of $36.22. The company has a market cap of $27.55 billion, a PE ratio of 31.42, a P/E/G ratio of 4.97 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, April 27th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Weyerhaeuser had a net margin of 9.42% and a return on equity of 10.88%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. Weyerhaeuser’s quarterly revenue was up 10.2% on a year-over-year basis. research analysts forecast that Weyerhaeuser will post 1.46 EPS for the current fiscal year.

In related news, VP Jeanne M. Hillman sold 15,389 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.22, for a total value of $542,000.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of WY. Prudential Financial Inc. increased its stake in Weyerhaeuser by 17.7% in the 3rd quarter. Prudential Financial Inc. now owns 1,963,270 shares of the real estate investment trust’s stock valued at $66,809,000 after buying an additional 294,670 shares during the period. Neville Rodie & Shaw Inc. increased its stake in Weyerhaeuser by 2.9% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 154,962 shares of the real estate investment trust’s stock valued at $5,464,000 after buying an additional 4,354 shares during the period. Bogart Wealth LLC increased its stake in Weyerhaeuser by 5.1% in the 4th quarter. Bogart Wealth LLC now owns 46,905 shares of the real estate investment trust’s stock valued at $1,654,000 after buying an additional 2,261 shares during the period. Windward Capital Management Co. CA increased its stake in Weyerhaeuser by 89.5% in the 4th quarter. Windward Capital Management Co. CA now owns 49,914 shares of the real estate investment trust’s stock valued at $1,760,000 after buying an additional 23,570 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Weyerhaeuser by 3.8% in the 4th quarter. North Star Investment Management Corp. now owns 54,024 shares of the real estate investment trust’s stock valued at $1,905,000 after buying an additional 1,978 shares during the period. Institutional investors and hedge funds own 75.48% of the company’s stock.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.

Analyst Recommendations for Weyerhaeuser (NYSE:WY)

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