Bridges Investment Management Inc. reduced its position in Weyerhaeuser Co (NYSE:WY) by 12.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,068 shares of the real estate investment trust’s stock after selling 1,133 shares during the period. Bridges Investment Management Inc.’s holdings in Weyerhaeuser were worth $213,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Investors Research Corp purchased a new stake in Weyerhaeuser in the 1st quarter worth approximately $31,000. Truvestments Capital LLC purchased a new stake in shares of Weyerhaeuser during the 1st quarter valued at $32,000. Westside Investment Management Inc. grew its stake in shares of Weyerhaeuser by 160.0% during the 4th quarter. Westside Investment Management Inc. now owns 1,300 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 800 shares during the period. Enterprise Financial Services Corp grew its stake in shares of Weyerhaeuser by 121.8% during the 1st quarter. Enterprise Financial Services Corp now owns 1,324 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 727 shares during the period. Finally, CNB Bank grew its stake in shares of Weyerhaeuser by 784.0% during the 4th quarter. CNB Bank now owns 1,326 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,176 shares during the period. 77.79% of the stock is owned by hedge funds and other institutional investors.
NYSE:WY opened at $26.60 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70. The firm has a market cap of $19.95 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 8.16 and a beta of 1.64. Weyerhaeuser Co has a twelve month low of $20.52 and a twelve month high of $38.39.
Weyerhaeuser (NYSE:WY) last posted its earnings results on Friday, April 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.68 billion. Weyerhaeuser had a net margin of 2.62% and a return on equity of 7.69%. The business’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. Sell-side analysts forecast that Weyerhaeuser Co will post 0.66 EPS for the current year.
Several brokerages have recently issued reports on WY. Seaport Global Securities began coverage on shares of Weyerhaeuser in a research note on Tuesday, April 2nd. They set a “buy” rating for the company. BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, March 11th. Stephens raised shares of Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a research note on Friday, April 5th. Raymond James set a $29.00 price objective on shares of Weyerhaeuser and gave the company a “buy” rating in a research note on Tuesday, January 8th. Finally, ValuEngine raised shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Saturday, February 2nd. One equities 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 has an average rating of “Buy” and an average price target of $33.10.
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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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