Sandy Spring Bank trimmed its position in shares of Weyerhaeuser Co (NYSE:WY) by 36.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,642 shares of the real estate investment trust’s stock after selling 2,100 shares during the period. Sandy Spring Bank’s holdings in Weyerhaeuser were worth $133,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in Weyerhaeuser by 3.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 192,012 shares of the real estate investment trust’s stock worth $6,721,000 after buying an additional 7,080 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Weyerhaeuser by 8.1% during the first quarter. Guggenheim Capital LLC now owns 1,661,514 shares of the real estate investment trust’s stock worth $58,153,000 after buying an additional 124,411 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Weyerhaeuser during the second quarter worth $1,061,000. SFE Investment Counsel boosted its stake in Weyerhaeuser by 2.4% during the second quarter. SFE Investment Counsel now owns 190,633 shares of the real estate investment trust’s stock worth $6,950,000 after buying an additional 4,465 shares during the last quarter. Finally, Boston Advisors LLC boosted its stake in Weyerhaeuser by 9.2% during the second quarter. Boston Advisors LLC now owns 35,530 shares of the real estate investment trust’s stock worth $1,295,000 after buying an additional 2,980 shares during the last quarter. Hedge funds and other institutional investors own 75.32% of the company’s stock.

WY has been the topic of a number of recent research reports. Zacks Investment Research raised Weyerhaeuser from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Tuesday, April 17th. Citigroup boosted their price objective on Weyerhaeuser from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 30th. Finally, DA Davidson reissued a “neutral” rating on shares of Weyerhaeuser in a research note on Friday, July 27th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.00.

Shares of Weyerhaeuser stock opened at $34.05 on Friday. Weyerhaeuser Co has a 52 week low of $30.95 and a 52 week high of $38.39. The firm has a market capitalization of $26.01 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 4.44 and a beta of 1.37. The company has a current ratio of 2.18, a quick ratio of 1.77 and a debt-to-equity ratio of 0.67.

Weyerhaeuser (NYSE:WY) last announced its quarterly earnings results on Friday, July 27th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Weyerhaeuser had a return on equity of 12.15% and a net margin of 12.94%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. equities analysts forecast that Weyerhaeuser Co will post 1.53 earnings per share for the current fiscal year.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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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Institutional Ownership by Quarter for Weyerhaeuser (NYSE:WY)

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