Weyerhaeuser (NYSE:WY) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research cut shares of Weyerhaeuser (NYSE:WY) from a buy rating to a hold rating in a report published on Saturday, January 6th. The brokerage currently has $40.00 target price on the real estate investment trust’s stock.
According to Zacks, “We believe that Weyerhaeuser is poised to benefit from the recovery of the housing market in the United States, its inorganic policies and cost-control measures in the years ahead. In November, the company hiked its quarterly dividend rate by 3.2%. Such disbursements reflect the company's strong cash position and its commitment toward rewarding its shareholders handsomely. For the fourth quarter (results not yet released), the company anticipates sequentially higher earnings for the Timberland and Real Estate, Energy & Natural Resources segments. Savings from operational initiatives will be within $95-$125 million in 2017. On the flip side, headwinds like high debt levels, unfavorable foreign currency movements and industry competition might restrict the company's growth in the quarters ahead. In the last three months, the company's shares have underperformed the industry and look overvalued comparatively.”
Several other equities analysts also recently commented on WY. TheStreet upgraded shares of Weyerhaeuser from a c+ rating to a b- rating in a research note on Wednesday, November 8th. Argus upped their price target on shares of Weyerhaeuser from $37.00 to $39.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Finally, Stephens started coverage on shares of Weyerhaeuser in a research note on Tuesday, October 24th. They issued an equal weight rating and a $35.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $37.44.
Weyerhaeuser (NYSE:WY) last released its quarterly earnings data on Friday, October 27th. The real estate investment trust reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Weyerhaeuser had a net margin of 12.37% and a return on equity of 8.15%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. equities research analysts predict that Weyerhaeuser will post 1.2 EPS for the current year.
In other Weyerhaeuser news, insider Rhonda D. Hunter sold 23,343 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $36.12, for a total transaction of $843,149.16. Following the sale, the insider now directly owns 98,973 shares in the company, valued at $3,574,904.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont raised its holdings in Weyerhaeuser by 4.3% in the 3rd quarter. Trust Co. of Vermont now owns 78,401 shares of the real estate investment trust’s stock valued at $2,668,000 after buying an additional 3,231 shares during the last quarter. Atlantic Trust Group LLC raised its holdings in Weyerhaeuser by 8.2% in the 3rd quarter. Atlantic Trust Group LLC now owns 359,958 shares of the real estate investment trust’s stock valued at $12,249,000 after buying an additional 27,233 shares during the last quarter. Schroder Investment Management Group raised its holdings in Weyerhaeuser by 11.8% in the 3rd quarter. Schroder Investment Management Group now owns 184,820 shares of the real estate investment trust’s stock valued at $6,286,000 after buying an additional 19,570 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in Weyerhaeuser by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,197,067 shares of the real estate investment trust’s stock valued at $40,735,000 after buying an additional 7,084 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Weyerhaeuser by 195.7% in the 3rd quarter. Sterling Capital Management LLC now owns 160,786 shares of the real estate investment trust’s stock valued at $5,472,000 after buying an additional 106,403 shares during the last quarter. 74.75% of the stock is owned by hedge funds and other institutional investors.
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Weyerhaeuser Company Profile
Weyerhaeuser Company is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Company’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products.
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