Janney Montgomery Scott LLC Has $1.20 Million Position in Weyerhaeuser (NYSE:WY)

Janney Montgomery Scott LLC increased its position in shares of Weyerhaeuser (NYSE:WY - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,746 shares of the real estate investment trust's stock after purchasing an additional 10,601 shares during the period. Janney Montgomery Scott LLC's holdings in Weyerhaeuser were worth $1,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in Weyerhaeuser during the 3rd quarter valued at $25,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 928 shares during the period. Bangor Savings Bank raised its stake in Weyerhaeuser by 140.3% during the 3rd quarter. Bangor Savings Bank now owns 1,115 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 651 shares during the period. Meeder Asset Management Inc. raised its stake in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 719 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Weyerhaeuser in the third quarter worth $45,000. Institutional investors own 82.99% of the company's stock.

Wall Street Analysts Forecast Growth

WY has been the topic of a number of research reports. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday. Citigroup lowered their target price on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research report on Monday, December 23rd. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of Weyerhaeuser in a research report on Monday, February 3rd. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Weyerhaeuser Stock Performance

Shares of NYSE:WY traded down $0.39 during midday trading on Friday, hitting $30.04. The company's stock had a trading volume of 2,037,231 shares, compared to its average volume of 3,637,051. The stock has a market capitalization of $21.83 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 4.69 and a beta of 1.42. The stock's 50 day simple moving average is $29.54 and its 200 day simple moving average is $30.91. Weyerhaeuser has a fifty-two week low of $26.73 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, research analysts anticipate that Weyerhaeuser will post 0.8 earnings per share for the current year.

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.