Weyerhaeuser Co. (NYSE:WY) shares 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.

Several brokerages have commented on WY. Vertical Group downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Vertical Research cut shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Argus restated a “buy” rating on shares of Weyerhaeuser in a research report on Sunday, June 12th. TheStreet upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Friday, April 8th. Finally, Zacks Investment Research upgraded shares of Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Monday, June 6th. Four 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 a consensus price target of $34.29.

The company’s 50 day moving average price is $30.36 and its 200 day moving average price is $29.14. The firm has a market capitalization of $24.01 billion and a price-to-earnings ratio of 39.685.

Weyerhaeuser (NYSE:WY) last released 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 quarter in the prior year, the business posted $0.26 earnings per share. The firm earned $1.84 billion during the quarter, compared to the consensus estimate of $1.73 billion. The firm’s quarterly revenue was up .8% on a year-over-year basis. Equities analysts predict that Weyerhaeuser Co. will post $1.03 EPS for the current year.

In other Weyerhaeuser news, VP Rhonda D. Hunter sold 3,318 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $33.00, for a total transaction of $109,494.00. Following the completion of the transaction, the vice president now directly owns 61,768 shares of the company’s stock, valued at approximately $2,038,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rick R. Holley sold 426,957 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $32.51, for a total transaction of $13,880,372.07. Following the transaction, the director now directly owns 696,488 shares of the company’s stock, valued at $22,642,824.88. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Whittier Trust Co. raised its position in Weyerhaeuser by 4.9% in the fourth quarter. Whittier Trust Co. now owns 112,102 shares of the real estate investment trust’s stock worth $3,360,000 after buying an additional 5,243 shares in the last quarter. Schroder Investment Management Group raised its position in Weyerhaeuser by 5.4% in the fourth quarter. Schroder Investment Management Group now owns 184,975 shares of the real estate investment trust’s stock valued at $5,546,000 after buying an additional 9,548 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Weyerhaeuser by 5.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 68,069 shares of the real estate investment trust’s stock valued at $2,041,000 after buying an additional 3,272 shares during the period. Aberdeen Asset Management PLC UK raised its position in Weyerhaeuser by 10.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 144,602 shares of the real estate investment trust’s stock valued at $4,339,000 after buying an additional 13,509 shares during the period. Finally, Cowen Group Inc. purchased a new position in Weyerhaeuser during the fourth quarter valued at $4,783,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.