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

Weyerhaeuser (NYSE:WY - Get Free Report) was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Monday.

Several other equities analysts have also recently issued reports on WY. BMO Capital Markets raised Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Friday, December 6th. Truist Financial boosted their price target on shares of Weyerhaeuser from $31.00 to $34.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $36.33.

Weyerhaeuser Trading Down 1.4 %

NYSE:WY traded down $0.41 on Monday, reaching $29.65. 2,949,129 shares of the company's stock were exchanged, compared to its average volume of 3,586,146. The business has a fifty day moving average of $31.66 and a 200-day moving average of $30.87. The company has a quick ratio of 1.41, a current ratio of 2.01 and a debt-to-equity ratio of 0.49. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 40.07 and a beta of 1.40.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm's quarterly revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. As a group, analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Inspire Trust Co. N.A. increased its position in Weyerhaeuser by 148.2% during the third quarter. Inspire Trust Co. N.A. now owns 125,620 shares of the real estate investment trust's stock worth $4,253,000 after buying an additional 75,000 shares during the period. Duff & Phelps Investment Management Co. grew its position in shares of Weyerhaeuser by 9.1% during the third quarter. Duff & Phelps Investment Management Co. now owns 306,634 shares of the real estate investment trust's stock worth $10,383,000 after acquiring an additional 25,554 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Weyerhaeuser by 17.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 101,258 shares of the real estate investment trust's stock valued at $2,875,000 after acquiring an additional 14,911 shares during the period. Quest Partners LLC raised its position in Weyerhaeuser by 146.4% in the 3rd quarter. Quest Partners LLC now owns 96,621 shares of the real estate investment trust's stock valued at $3,272,000 after purchasing an additional 57,412 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Weyerhaeuser by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,740,119 shares of the real estate investment trust's stock worth $295,940,000 after purchasing an additional 454,095 shares during the period. 82.99% of the stock is owned by hedge funds and other institutional investors.

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.

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