Weyerhaeuser was the subject of a research report distributed to clients and investors for the first time on Thursday, the first day that analysts at StockNews.com began providing company coverage (NYSE: WY).
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
Weyerhaeuser (NYSE: WY) gave the general public the most recent report on the company’s earnings on January 27th.
The real estate investment trust announced quarterly earnings of $0.24 per share, which was $0.06 more than the estimate compiled by market experts as a consensus.
In their business, Weyerhaeuser achieved a return on equity of 21.08% and a net margin of 18.46%. However, the company could only bring in revenue totaling $1.82 billion during the quarter, even though analysts predicted the company would bring in revenue totaling $1.92 billion. Compared to the previous year’s results for the same period, the company posted a profit of $0.49 per share.
The decrease in the company’s quarterly revenue was 17.4% when measured against the same period in the previous year.
It is anticipated by those who follow the market that Weyerhaeuser will generate earnings of $1.05 per share this year.
WY stock was offered for sale to the public for the first time on Thursday for $29.59.
The stock’s simple moving average over the past fifty days is $32.13, and its simple moving average over the past two hundred days is $31.52, respectively. Weyerhaeuser stock has traded for anywhere between $27.36 and $42.86 per share over the previous year.
The company’s price-to-earnings ratio is 11.70, and its beta value is 1.47.
The company’s total value, as measured by its market capitalization, is $21.67 billion.
The ratio of current assets to total assets is 1.58, the ratio of quick assets to current assets is 1.26, and the ratio of total assets to current assets is 0.38.
In the past few days, several other brokerages have made public their most recent findings regarding Wyoming.
In a research note published on January 31st, Citigroup upgraded Weyerhaeuser to a “buy” rating and increased their price objective on the stock from $37.00 to $39.00.
Additionally, they raised their price target on the stock from $37.00 to $39.00.
In a research note published on February 13th, Raymond James upgraded the shares of Weyerhaeuser to a “strong-buy” rating and increased their price target on the company’s stock from $38.00 to $42.00.
Last, BMO Capital Markets lowered their “market perform” rating on Weyerhaeuser shares and decreased their price target from $42.00 to $36.00 in research made public on Monday, February 6th. Six equity research experts have recommended holding onto the stock, whereas two experts have given the stock a buy rating, and one expert has given the stock a strong buy rating.
According to information that Bloomberg.com compiled, the stock has been given an average rating of “Hold,” and analysts have established a price objective of $37.43 as a consensus.
In other news, on February 2nd, Devin W. Stockfish, Chief Executive Officer of the company, sold 1,800 of the company’s shares.
This was disclosed in a press release.
As a result of the sale of 64,000 dollars’ worth of stock at an average price of $36.00 per share, a total of $64,800.00 was obtained. Following the successful transaction completion, the Chief Executive Officer now directly owns 567,381 shares of the company’s stock, with an approximate value of $20,425,716.
The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate it on the SEC’s website release.
As a result of the sale of 64,000 dollars’ worth of stock at an average price of $36.00 per share, a total of $64,800.00 was obtained. Following the successful transaction completion, the Chief Executive Officer now directly owns 567,381 shares of the company’s stock, with an approximate value of $20,425,716.
The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate it on the SEC’s website.
The current ownership of the company’s shares by company insiders is 0.22%.
Recently, institutional investors have altered how they have been keeping their shares of the company in their portfolios.
Atria Financial Solutions INC increased the proportion of Weyerhaeuser stock owned by 2.6% during the fourth quarter of 2018.
Atria Wealth Solutions INC has a total of 359,000 shares of stock in the real estate investment trust in its possession after making an additional purchase of 297 shares during the period in question.
This brings the company’s total number of shares owned in the REIT to 359,000.
During the most recent fiscal period, Integrated Financial Concepts LLC raised the proportion of Weyerhaeuser stock owned by 3.1%.
Integrated Wealth Concepts LLC has 9,907 shares of the real estate investment trust due to the purchase of an additional 299 shares during the period in question.
These shares have a combined market value of $307,000.
Marble Harbor Investment Counsel LLC’s ownership of Weyerhaeuser shares increased by 1.7% during the company’s second fiscal quarter after the stock price rose.
Marble Harbor Investment Counsel LLC increased the total number of shares they own in the real estate investment trust by purchasing an additional 300 during the most recent quarter, bringing the total number of shares owned by the company to 18,418.
These shares are valued somewhere in