American Trust Investment Advisors LLC increased its stake in Weyerhaeuser Company (NYSE:WY) by 15.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,699 shares of the real estate investment trust’s stock after buying an additional 7,045 shares during the period. Weyerhaeuser comprises approximately 1.6% of American Trust Investment Advisors LLC’s portfolio, making the stock its 27th largest position. American Trust Investment Advisors LLC’s holdings in Weyerhaeuser were worth $1,757,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. raised its stake in shares of Weyerhaeuser by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 658,397 shares of the real estate investment trust’s stock worth $22,372,000 after buying an additional 18,978 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Weyerhaeuser during the fourth quarter worth $729,000. Kentucky Retirement Systems bought a new stake in Weyerhaeuser during the fourth quarter worth $1,633,000. Teachers Advisors LLC raised its stake in Weyerhaeuser by 74.4% in the fourth quarter. Teachers Advisors LLC now owns 3,487,661 shares of the real estate investment trust’s stock worth $104,944,000 after buying an additional 1,487,589 shares in the last quarter. Finally, Pegasus Partners Ltd. raised its stake in Weyerhaeuser by 3.7% in the fourth quarter. Pegasus Partners Ltd. now owns 52,670 shares of the real estate investment trust’s stock worth $1,585,000 after buying an additional 1,894 shares in the last quarter. Hedge funds and other institutional investors own 76.45% of the company’s stock.
Weyerhaeuser Company (WY) traded down 0.24% during trading on Friday, hitting $32.78. 1,894,373 shares of the company traded hands. Weyerhaeuser Company has a one year low of $28.58 and a one year high of $35.50. The firm has a 50 day moving average of $33.42 and a 200 day moving average of $33.28. The firm has a market cap of $24.68 billion, a P/E ratio of 25.77 and a beta of 1.40.
Weyerhaeuser (NYSE:WY) last announced its earnings results on Friday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Weyerhaeuser had a net margin of 14.09% and a return on equity of 7.17%. Weyerhaeuser’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, analysts expect that Weyerhaeuser Company will post $1.03 earnings per share for the current fiscal year.
Several equities analysts recently commented on the company. ValuEngine raised Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup Inc. restated a “buy” rating and issued a $39.00 price objective (up previously from $38.00) on shares of Weyerhaeuser in a research note on Saturday, April 22nd. Bank of America Corporation downgraded shares of Weyerhaeuser from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $36.00 to $35.00 in a research note on Wednesday, July 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $36.00 price objective on shares of Weyerhaeuser in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Weyerhaeuser currently has an average rating of “Buy” and an average price target of $36.67.
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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