Weyerhaeuser Co. (NYSE:WY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $32.75 and last traded at $32.69, with a volume of 1,294,864 shares. The stock had previously closed at $32.49.

WY has been the topic of several research reports. Vertical Group downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Vertical Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Argus reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Sunday, June 12th. TheStreet upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research note on Friday, April 8th. Finally, Zacks Investment Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research note on Monday, June 6th. Four equities research 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 a consensus rating of “Buy” and an average price target of $34.29.

The firm’s 50-day moving average is $30.27 and its 200-day moving average is $29.08. The company has a market capitalization of $24.49 billion and a PE ratio of 40.47.

Weyerhaeuser (NYSE:WY) last released its earnings results on Friday, May 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Equities analysts anticipate that Weyerhaeuser Co. will post $1.03 EPS for the current fiscal year.

In related news, Director Mark A. Emmert sold 9,536 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $31.25, for a total transaction of $298,000.00. Following the sale, the director now directly owns 9,715 shares in the company, valued at $303,593.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rhonda D. Hunter sold 3,292 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $30.00, for a total transaction of $98,760.00. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its stake in Weyerhaeuser by 0.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 71,515 shares of the real estate investment trust’s stock worth $2,144,000 after buying an additional 244 shares during the last quarter. Tredje AP fonden raised its stake in 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 last quarter. Suntrust Banks Inc. raised its stake in Weyerhaeuser by 0.6% in the fourth quarter. Suntrust Banks Inc. now owns 113,093 shares of the real estate investment trust’s stock worth $3,390,000 after buying an additional 619 shares during the last quarter. Smith Salley & Associates raised its stake in 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. Finally, Advantus Capital Management Inc raised its stake in Weyerhaeuser by 2.1% in the fourth quarter. Advantus Capital Management Inc now owns 49,198 shares of the real estate investment trust’s stock worth $1,475,000 after buying an additional 1,031 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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