Mengis Capital Management Inc. raised its holdings in Weyerhaeuser Co (NYSE:WY) by 11.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 56,500 shares of the real estate investment trust’s stock after acquiring an additional 5,955 shares during the quarter. Mengis Capital Management Inc.’s holdings in Weyerhaeuser were worth $1,488,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. OLD Second National Bank of Aurora raised its stake in Weyerhaeuser by 1.7% during the second quarter. OLD Second National Bank of Aurora now owns 87,770 shares of the real estate investment trust’s stock valued at $2,312,000 after buying an additional 1,466 shares during the last quarter. Radnor Capital Management LLC increased its holdings in shares of Weyerhaeuser by 0.6% in the 2nd quarter. Radnor Capital Management LLC now owns 101,755 shares of the real estate investment trust’s stock worth $2,680,000 after purchasing an additional 620 shares in the last quarter. Oakbrook Investments LLC increased its holdings in shares of Weyerhaeuser by 94.3% in the 2nd quarter. Oakbrook Investments LLC now owns 73,850 shares of the real estate investment trust’s stock worth $1,945,000 after purchasing an additional 35,840 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Weyerhaeuser in the 2nd quarter worth $267,000. Finally, Quad Cities Investment Group LLC increased its holdings in shares of Weyerhaeuser by 24.8% in the 2nd quarter. Quad Cities Investment Group LLC now owns 4,322 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 858 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Devin W. Stockfish acquired 5,195 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was bought at an average price of $23.03 per share, with a total value of $119,640.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.43% of the company’s stock.

Shares of WY opened at $25.49 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.48 and a debt-to-equity ratio of 0.70. Weyerhaeuser Co has a one year low of $20.52 and a one year high of $35.79. The company has a market capitalization of $19.05 billion, a price-to-earnings ratio of 21.60, a P/E/G ratio of 8.51 and a beta of 1.72. The business has a fifty day moving average price of $25.81.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, July 26th. The real estate investment trust reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.06. Weyerhaeuser had a return on equity of 5.46% and a net margin of 0.01%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. Weyerhaeuser’s revenue was down 20.4% compared to the same quarter last year. On average, research analysts anticipate that Weyerhaeuser Co will post 0.62 earnings per share for the current fiscal year.

A number of analysts have commented on the company. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Seaport Global Securities assumed coverage on Weyerhaeuser in a report on Tuesday, April 2nd. They issued a “buy” rating for the company. Finally, Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 target price for the company in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.10.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.2 million acres of timberlands in the U.S., and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.

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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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