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

Several research firms have commented on WY. Vertical Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Vertical Group lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Zacks Investment Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, July 19th. DA Davidson lowered shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $34.00 to $33.00 in a research note on Monday, May 9th. Finally, Argus reiterated a “buy” rating on shares of Weyerhaeuser in a research note on Sunday, June 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Weyerhaeuser has a consensus rating of “Buy” and a consensus target price of $34.29.

The company has a 50-day moving average of $30.95 and a 200-day moving average of $29.40. The firm has a market capitalization of $24.56 billion and a P/E ratio of 40.59.

Weyerhaeuser (NYSE:WY) last posted its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $7.54 billion. Weyerhaeuser’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, analysts predict that Weyerhaeuser Co. will post $1.03 earnings per share for the current year.

In related news, Director Rick R. Holley sold 608,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $32.55, for a total transaction of $19,790,400.00. Following the sale, the director now owns 696,488 shares of the company’s stock, valued at $22,670,684.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rhonda D. Hunter sold 6,500 shares of Weyerhaeuser stock in a transaction dated Monday, June 20th. The stock was sold at an average price of $29.12, for a total transaction of $189,280.00. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of WY. GSA Capital Partners LLP purchased a new position in shares of Weyerhaeuser during the fourth quarter valued at about $1,274,000. Principal Financial Group Inc. boosted its position in shares of 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 position in shares of 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. Atlantic Trust Group LLC boosted its position in shares of Weyerhaeuser by 59.7% in the fourth quarter. Atlantic Trust Group LLC now owns 49,361 shares of the real estate investment trust’s stock valued at $1,480,000 after buying an additional 18,455 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its position in shares of 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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