Weyerhaeuser Co (NYSE:WY) was the target of some unusual options trading on Tuesday. Traders bought 3,393 put options on the company. This is an increase of 748% compared to the average volume of 400 put options.

A number of equities research analysts have commented on WY shares. DA Davidson cut Weyerhaeuser from a “buy” rating to a “neutral” rating and set a $29.00 price target on the stock. in a report on Monday, August 3rd. Citigroup raised their price target on Weyerhaeuser from $26.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Raymond James reissued a “hold” rating on shares of Weyerhaeuser in a report on Monday. Bank of America raised their price target on Weyerhaeuser from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Finally, BMO Capital Markets raised their price objective on Weyerhaeuser from $23.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, August 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.56.

In other Weyerhaeuser news, SVP James A. Kilberg sold 35,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $30.50, for a total transaction of $1,067,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WY. Morgan Stanley boosted its position in shares of Weyerhaeuser by 10.7% during the first quarter. Morgan Stanley now owns 4,983,483 shares of the real estate investment trust’s stock valued at $84,470,000 after buying an additional 482,537 shares during the period. Rhumbline Advisers boosted its position in shares of Weyerhaeuser by 9.5% during the first quarter. Rhumbline Advisers now owns 1,454,094 shares of the real estate investment trust’s stock valued at $24,647,000 after buying an additional 126,575 shares during the period. Retirement Systems of Alabama boosted its position in shares of Weyerhaeuser by 16.1% during the second quarter. Retirement Systems of Alabama now owns 631,902 shares of the real estate investment trust’s stock valued at $14,193,000 after buying an additional 87,706 shares during the period. Cigna Investments Inc. New boosted its position in shares of Weyerhaeuser by 120.2% during the second quarter. Cigna Investments Inc. New now owns 46,112 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 25,170 shares during the period. Finally, 1832 Asset Management L.P. boosted its position in shares of Weyerhaeuser by 853.2% during the first quarter. 1832 Asset Management L.P. now owns 88,749 shares of the real estate investment trust’s stock valued at $1,484,000 after buying an additional 79,438 shares during the period. Institutional investors own 77.46% of the company’s stock.

WY opened at $28.76 on Wednesday. The firm has a market cap of $21.46 billion, a P/E ratio of 70.15 and a beta of 1.96. Weyerhaeuser has a 12 month low of $13.10 and a 12 month high of $31.58. The company has a current ratio of 2.28, a quick ratio of 1.72 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $28.86 and a 200 day moving average of $23.08.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Friday, July 31st. The real estate investment trust reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.10. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.44 billion. Weyerhaeuser had a return on equity of 3.59% and a net margin of 4.67%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. On average, research analysts forecast that Weyerhaeuser will post 0.85 earnings per share 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 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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