Weyerhaeuser (NYSE:WY) Upgraded at Bank of America

Weyerhaeuser (NYSE:WY) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Wednesday, Benzinga reports. The firm presently has a $25.00 price target on the real estate investment trust’s stock, down from their prior price target of $28.00. Bank of America‘s price objective suggests a potential upside of 31.54% from the company’s current price.

A number of other equities research analysts have also issued reports on WY. DA Davidson reaffirmed a “buy” rating and issued a $31.00 price target on shares of Weyerhaeuser in a research report on Tuesday, June 30th. JPMorgan Chase & Co. lowered their price objective on Weyerhaeuser from $31.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, September 3rd. Wall Street Zen raised Weyerhaeuser from a “sell” rating to a “hold” rating in a research report on Sunday, August 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $30.00 target price on shares of Weyerhaeuser in a research note on Friday, July 17th. Finally, Seaport Research Partners set a $30.00 target price on shares of Weyerhaeuser in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.22.

Weyerhaeuser Stock Up 0.3%

Weyerhaeuser stock opened at $19.00 on Wednesday. The firm has a market capitalization of $13.70 billion, a P/E ratio of 29.24, a P/E/G ratio of 2.13 and a beta of 0.92. The company has a current ratio of 1.82, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. Weyerhaeuser has a twelve month low of $18.25 and a twelve month high of $27.75. The stock’s fifty day simple moving average is $22.23 and its 200-day simple moving average is $23.50.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Weyerhaeuser had a return on equity of 1.49% and a net margin of 6.89%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business posted $0.12 earnings per share. Weyerhaeuser’s revenue was down 8.3% compared to the same quarter last year. As a group, equities analysts expect that Weyerhaeuser will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Weyerhaeuser

Large investors have recently bought and sold shares of the business. First Eagle Investment Management LLC grew its position in Weyerhaeuser by 10.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 51,179,282 shares of the real estate investment trust’s stock worth $1,225,232,000 after purchasing an additional 4,885,818 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Weyerhaeuser by 14.3% in the second quarter. Wellington Management Group LLP now owns 43,574,118 shares of the real estate investment trust’s stock valued at $1,043,164,000 after buying an additional 5,437,685 shares during the last quarter. State Street Corp raised its holdings in shares of Weyerhaeuser by 3.3% in the second quarter. State Street Corp now owns 34,298,957 shares of the real estate investment trust’s stock valued at $821,117,000 after buying an additional 1,106,553 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Weyerhaeuser in the second quarter valued at about $468,969,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Weyerhaeuser by 11.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,212,273 shares of the real estate investment trust’s stock worth $151,766,000 after buying an additional 639,334 shares during the period. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Company Profile

Weyerhaeuser (NYSE: WY) is one of the world’s largest private owners of timberlands and a major producer of forest products. The company owns and manages timberlands in the United States and operates manufacturing facilities in the United States and Canada, serving residential, commercial and industrial markets.

Its principal products include lumber, structural panels, engineered wood products and other materials used in homebuilding and construction. Weyerhaeuser also manages its timberlands for sustainable wood production and generates revenue from real estate, energy and natural-resource activities associated with those properties.

Founded in 1900, Weyerhaeuser has developed from a regional timber company into an integrated forest-products business.