Weyerhaeuser (NYSE:WY) Rating Increased to Buy at StockNews.com

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Weyerhaeuser (NYSE:WYGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other research firms have also issued reports on WY. The Goldman Sachs Group reduced their target price on shares of Weyerhaeuser from $49.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. Argus downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. BMO Capital Markets downgraded shares of Weyerhaeuser from an “outperform” rating to a “market perform” rating and set a $42.00 price objective on the stock. in a research report on Monday, May 2nd. Finally, Truist Financial assumed coverage on shares of Weyerhaeuser in a research report on Wednesday, June 29th. They issued a “hold” rating and a $37.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Weyerhaeuser has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Weyerhaeuser Price Performance

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Weyerhaeuser stock opened at $36.95 on Tuesday. The firm has a market cap of $27.35 billion, a PE ratio of 11.27 and a beta of 1.49. Weyerhaeuser has a 52-week low of $32.50 and a 52-week high of $43.04. The company has a quick ratio of 2.59, a current ratio of 3.20 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $35.04 and its two-hundred day moving average is $37.97.

Weyerhaeuser (NYSE:WYGet Rating) last released its earnings results on Friday, July 29th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02). The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.83 billion. Weyerhaeuser had a return on equity of 24.49% and a net margin of 23.10%. Weyerhaeuser’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. On average, research analysts expect that Weyerhaeuser will post 3.14 EPS for the current fiscal year.

Insider Activity at Weyerhaeuser

In related news, Director Albert Monaco bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were purchased at an average cost of $38.43 per share, with a total value of $115,290.00. Following the transaction, the director now directly owns 27,246 shares of the company’s stock, valued at approximately $1,047,063.78. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Weyerhaeuser by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 120,519,772 shares of the real estate investment trust’s stock worth $4,567,700,000 after purchasing an additional 1,817,002 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Weyerhaeuser by 0.5% in the 4th quarter. BlackRock Inc. now owns 57,396,782 shares of the real estate investment trust’s stock worth $2,363,599,000 after acquiring an additional 269,617 shares during the period. State Street Corp lifted its stake in shares of Weyerhaeuser by 1.0% in the 2nd quarter. State Street Corp now owns 31,646,386 shares of the real estate investment trust’s stock worth $1,048,128,000 after acquiring an additional 301,087 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Weyerhaeuser by 1.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 20,914,121 shares of the real estate investment trust’s stock worth $692,675,000 after acquiring an additional 284,863 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Weyerhaeuser by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 16,321,125 shares of the real estate investment trust’s stock worth $670,801,000 after acquiring an additional 372,177 shares during the period. 82.38% of the stock is owned by hedge funds and other institutional investors.

About Weyerhaeuser

(Get Rating)

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.

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Analyst Recommendations for Weyerhaeuser (NYSE:WY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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