Kentucky Trust Co Buys New Holdings in Weyerhaeuser (NYSE:WY)

Kentucky Trust Co purchased a new position in Weyerhaeuser (NYSE:WY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,776 shares of the real estate investment trust’s stock, valued at approximately $163,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oakworth Capital Inc. bought a new stake in shares of Weyerhaeuser in the third quarter worth about $25,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Weyerhaeuser by 4,884.2% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 928 shares during the last quarter. Meeder Asset Management Inc. grew its position in Weyerhaeuser by 172.4% in the third quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 719 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Weyerhaeuser during the third quarter worth approximately $45,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Weyerhaeuser in the 3rd quarter valued at approximately $50,000. 82.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WY. Cibc World Mkts raised Weyerhaeuser from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Raymond James upgraded shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, December 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $36.00 price target on shares of Weyerhaeuser in a research note on Monday, February 3rd. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Citigroup decreased their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Weyerhaeuser has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Weyerhaeuser Trading Down 0.4 %

NYSE WY opened at $30.00 on Wednesday. Weyerhaeuser has a one year low of $26.73 and a one year high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42. The company’s 50-day simple moving average is $29.50 and its two-hundred day simple moving average is $30.92.

Weyerhaeuser (NYSE:WY) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. Weyerhaeuser had a return on equity of 3.86% and a net margin of 5.56%. Equities analysts forecast that Weyerhaeuser will post 0.8 EPS for the current fiscal year.

About Weyerhaeuser

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.