Investors Buy Weyerhaeuser (WY) on Weakness on Analyst Downgrade

Traders bought shares of Weyerhaeuser Co (NYSE:WY) on weakness during trading on Tuesday after BMO Capital Markets lowered their price target on the stock from $36.00 to $33.00. $48.04 million flowed into the stock on the tick-up and $35.13 million flowed out of the stock on the tick-down, for a money net flow of $12.91 million into the stock. Of all stocks tracked, Weyerhaeuser had the 27th highest net in-flow for the day. Weyerhaeuser traded down ($0.20) for the day and closed at $26.23

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. DA Davidson reissued a “neutral” rating on shares of Weyerhaeuser in a report on Friday, July 27th. ValuEngine downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Citigroup lowered their price target on Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Finally, Vertical Research raised Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.83.

A number of hedge funds and other institutional investors have recently modified their holdings of WY. Renaissance Technologies LLC acquired a new stake in Weyerhaeuser in the second quarter worth about $82,829,000. BlackRock Inc. lifted its holdings in shares of Weyerhaeuser by 2.4% during the second quarter. BlackRock Inc. now owns 51,753,003 shares of the real estate investment trust’s stock worth $1,886,914,000 after purchasing an additional 1,220,115 shares during the period. First Republic Investment Management Inc. acquired a new stake in shares of Weyerhaeuser during the second quarter worth about $39,730,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Weyerhaeuser by 40.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,745,181 shares of the real estate investment trust’s stock worth $136,550,000 after purchasing an additional 1,085,567 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Weyerhaeuser by 2,860.1% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 930,847 shares of the real estate investment trust’s stock worth $33,939,000 after purchasing an additional 899,400 shares during the period. 76.31% of the stock is owned by institutional investors and hedge funds.



The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $19.85 billion, a P/E ratio of 23.16, a PEG ratio of 3.40 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a return on equity of 11.65% and a net margin of 14.51%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the firm earned $0.34 EPS. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts predict that Weyerhaeuser Co will post 1.47 earnings per share for the current fiscal year.

Weyerhaeuser Company Profile (NYSE:WY)

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.

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