T. Rowe Price Associates, Inc. has recently announced that it has increased stake in Weyerhaeuser Co. (NYSE:WY) by 4.30%. After grabbing 46.46 million shares, the institutional investor is now in possession of 1.92 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 6.37% having worth around $1.46 billion. Moreover, BlackRock Fund Advisors increased its share by 0.38 million to have a control over 41.13 million shares. And Wellington Management Co. LLP raised its holdings to 3.57 million shares by acquiring 19.3 million shares or 2.64% of the stake.
Weyerhaeuser Co. (WY) concluded trading on 01/04/24 at a closing price of $33.59, with 3.32 million shares of worth about $111.43 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.85% during that period and on Thursday the price saw a loss of about -1.38%. Currently the company’s common shares owned by public are about 732.79M shares, out of which, 727.49M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the WY stock and their offered price forecasts bring an average price target of $37.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $39.00 and could fall to a lowest price of $36.00. The stock’s current price level is 9.22% above of average price target set by the analysts, while a rise to estimated low would result in gain of 6.69% for the stock. However, touching the estimated high of $39.00 would mean a gain of 13.87% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 69 times over the past 12 months. They bought 450,454 shares in 23 of the transactions. In 46 selling transactions, insiders dumped 287,327 shares.
Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Weyerhaeuser Co. Vanguard Real Estate Index Fund is currently holding 30.18 million shares of worth totaling $946.13 million. The company recently came selling -0.22 million shares which brought its stake up to 4.13% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 26760.0 shares, after which its hold over company’s outstanding shares expand to 3.13%, leaving 22.88 million shares with the mutual fund that have a worth of about $717.18 million. Vanguard 500 Index Fund, after buying 17.65 million shares, have now control over 2.42% of the stake in the company. It holds 84640.0 shares of worth $553.21 million.
Weyerhaeuser Co. (NYSE: WY) started trading at $33.91, below -$0.15 from concluding price of the previous day. However, the stock later moved at a day high price of 34.03, or with a loss of -1.38%. Stock saw a price change of -3.37% in past 5 days and over the past one month there was a price change of 6.36%. Year-to-date (YTD), WY shares are showing a performance of -3.39% which increased to 11.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.65 but also hit the highest price of $35.14 during that period. The average intraday trading volume for Weyerhaeuser Co. shares is 3.72 million. The stock is currently trading 1.18% above its 20-day simple moving average (SMA20), while that difference is up 6.23% for SMA50 and it goes to 7.31% higher than SMA200.
T. Rowe Price Associates, Inc. acquired 46.46 million shares of Weyerhaeuser Co. having value of about $1.46 billion. Data submitted at the U.S SEC by T. Rowe Price Associates, Inc. revealed that the firm now holds 1.92 million shares in the company valued at close to $64340570.12, or have control over 4.30% stake in the company. Weyerhaeuser Co. (NYSE: WY) currently have 732.79M outstanding shares and institutions hold larger chunk of about 85.17% of that. Holding of mutual funds in the company is about 27.78% while other institutional holders and individual stake holders have control over 57.48% and 1.71% of the stake respectively.
The stock has a current market capitalization of $24.52B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 38.99, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 7.80 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WY, volatility over the week remained 1.33% while standing at 1.81% over the month.
Analysts are in expectations that Weyerhaeuser Co. (WY) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.31 and it is $1.18 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -66.46% while it is estimated to increase by 6.79% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 26.89% made by the stock over the past 5-years.
Analysts at 12 brokerage firms have issued recommendations for the Weyerhaeuser Co. (WY)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.92. Out of those 12 Wall Street analysts, 6 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
