Weyerhaeuser (NYSE:WY) Upgraded to Strong-Buy by StockNews.com

Weyerhaeuser (NYSE:WYGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Shares of WY stock traded down $0.75 on Tuesday, hitting $40.87. 3,538,932 shares of the stock traded hands, compared to its average volume of 4,349,614. The firm’s 50-day moving average price is $39.23 and its two-hundred day moving average price is $39.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.74 and a current ratio of 3.29. The stock has a market capitalization of $30.53 billion, a PE ratio of 11.78 and a beta of 1.66. Weyerhaeuser has a twelve month low of $32.65 and a twelve month high of $43.04.

Weyerhaeuser (NYSE:WYGet Rating) last announced its quarterly earnings results on Thursday, January 27th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Weyerhaeuser had a net margin of 25.56% and a return on equity of 24.73%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities research analysts anticipate that Weyerhaeuser will post 2.63 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Weyerhaeuser by 0.5% during the 4th quarter. BlackRock Inc. now owns 57,396,782 shares of the real estate investment trust’s stock valued at $2,363,599,000 after acquiring an additional 269,617 shares during the last quarter. Cohen & Steers Inc. lifted its position in Weyerhaeuser by 3.2% in the third quarter. Cohen & Steers Inc. now owns 37,392,313 shares of the real estate investment trust’s stock valued at $1,330,363,000 after buying an additional 1,164,899 shares during the last quarter. State Street Corp lifted its position in Weyerhaeuser by 5.2% in the fourth quarter. State Street Corp now owns 31,466,169 shares of the real estate investment trust’s stock valued at $1,295,777,000 after buying an additional 1,546,975 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Weyerhaeuser by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 19,489,403 shares of the real estate investment trust’s stock valued at $802,574,000 after buying an additional 1,393,739 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Weyerhaeuser by 7.7% in the third quarter. Invesco Ltd. now owns 17,186,930 shares of the real estate investment trust’s stock valued at $611,337,000 after buying an additional 1,235,089 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

About Weyerhaeuser (Get Rating)

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 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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