Weyerhaeuser Co. (NYSE:WY)’s share price reached a new 52-week high on Friday . The company traded as high as $33.17 and last traded at $32.91, with a volume of 2,798,566 shares traded. The stock had previously closed at $32.65.

WY has been the topic of a number of research analyst reports. TheStreet upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a research report on Friday, April 8th. DA Davidson downgraded Weyerhaeuser from a “buy” rating to a “neutral” rating and reduced their target price for the company from $34.00 to $33.00 in a research report on Monday, May 9th. Zacks Investment Research upgraded Weyerhaeuser from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Vertical Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Vertical Group downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Weyerhaeuser has a consensus rating of “Buy” and an average target price of $34.29.

The company has a market cap of $24.56 billion and a P/E ratio of 40.59. The firm has a 50 day moving average of $30.83 and a 200 day moving average of $29.37.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by $0.01. The business earned $1.41 billion during the quarter, compared to analysts’ expectations of $7.54 billion. The business’s revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. Analysts expect that Weyerhaeuser Co. will post $1.03 earnings per share for the current year.

In other Weyerhaeuser news, Director Mark A. Emmert sold 9,536 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $31.25, for a total transaction of $298,000.00. Following the sale, the director now owns 9,715 shares in the company, valued at approximately $303,593.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Rhonda D. Hunter sold 3,318 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $33.00, for a total value of $109,494.00. Following the sale, the vice president now owns 61,768 shares in the company, valued at approximately $2,038,344. The disclosure for this sale can be found here.

Other large investors have bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Weyerhaeuser by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 887,531 shares of the real estate investment trust’s stock valued at $26,608,000 after buying an additional 26,292 shares during the period. Stephens Inc. AR boosted its stake in Weyerhaeuser by 13.5% in the fourth quarter. Stephens Inc. AR now owns 216,587 shares of the real estate investment trust’s stock valued at $6,493,000 after buying an additional 25,786 shares during the period. Schroder Investment Management Group boosted its stake 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. Dimensional Fund Advisors LP boosted its stake in Weyerhaeuser by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 180,936 shares of the real estate investment trust’s stock valued at $5,426,000 after buying an additional 3,673 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its stake 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.

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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