Traders Sell Weyerhaeuser Co. (WY) on Strength (WY)
Traders sold shares of Weyerhaeuser Co. (NYSE:WY) on strength during trading on Monday. $12.93 million flowed into the stock on the tick-up and $28.77 million flowed out of the stock on the tick-down, for a money net flow of $15.84 million out of the stock. Of all equities tracked, Weyerhaeuser had the 0th highest net out-flow for the day. Weyerhaeuser traded up $0.06 for the day and closed at $32.49
Several analysts recently commented on WY shares. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Tuesday, July 19th. DA Davidson upgraded Weyerhaeuser from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Wednesday, June 29th. They noted that the move was a valuation call. Dundee Securities downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and lowered their target price for the company from $34.00 to $33.00 in a research report on Friday, April 8th. TheStreet upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Friday, April 8th. Finally, Argus reiterated a “buy” rating on shares of Weyerhaeuser in a research report on Sunday, June 12th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $34.29.
The stock has a market cap of $24.27 billion and a P/E ratio of 40.11. The company has a 50 day moving average price of $30.27 and a 200-day moving average price of $29.08.
Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. During the same period last year, the firm earned $0.26 earnings per share. The company earned $1.84 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Weyerhaeuser’s revenue was up .8% on a year-over-year basis. Analysts anticipate that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.
In related news, VP Rhonda D. Hunter sold 6,500 shares of the business’s stock in a transaction on Monday, June 20th. The shares were sold at an average price of $29.12, for a total value of $189,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Bozeman sold 1,929 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $30.30, for a total transaction of $58,448.70. Following the completion of the sale, the director now directly owns 6,262 shares of the company’s stock, valued at $189,738.60. The disclosure for this sale can be found here.
A number of large investors recently made changes to their positions in WY. Tredje AP fonden boosted its stake in shares of Weyerhaeuser by 1.1% in the fourth quarter. Tredje AP fonden now owns 34,872 shares of the real estate investment trust’s stock worth $1,045,000 after buying an additional 383 shares during the period. Smith Salley & Associates boosted its stake in shares of Weyerhaeuser by 2.3% in the fourth quarter. Smith Salley & Associates now owns 40,448 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 924 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Weyerhaeuser during the fourth quarter worth approximately $1,274,000. Russell Frank Co boosted its stake in shares of Weyerhaeuser by 16.5% in the fourth quarter. Russell Frank Co now owns 46,174 shares of the real estate investment trust’s stock worth $1,401,000 after buying an additional 6,532 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Weyerhaeuser by 4.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 48,061 shares of the real estate investment trust’s stock worth $1,441,000 after buying an additional 2,199 shares during the last quarter.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees. Its segments include Timberlands, Wood Products and Cellulose Fibers.
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