Short Interest in Weyerhaeuser Co (WY) Rises By 37.8%

Weyerhaeuser Co (NYSE:WY) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 10,918,405 shares, a growth of 37.8% from the September 28th total of 7,923,528 shares. Based on an average daily volume of 4,858,025 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.4% of the company’s stock are sold short.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. DA Davidson restated a “neutral” rating on shares of Weyerhaeuser in a report on Friday, July 27th. ValuEngine downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Citigroup dropped their price objective on Weyerhaeuser from $42.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Finally, Vertical Research upgraded Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Weyerhaeuser has a consensus rating of “Buy” and a consensus price target of $35.83.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in Weyerhaeuser by 2.4% during the 2nd quarter. BlackRock Inc. now owns 51,753,003 shares of the real estate investment trust’s stock valued at $1,886,914,000 after purchasing an additional 1,220,115 shares during the period. Northern Trust Corp boosted its position in Weyerhaeuser by 1.9% during the 2nd quarter. Northern Trust Corp now owns 11,178,600 shares of the real estate investment trust’s stock valued at $407,571,000 after purchasing an additional 207,103 shares during the period. Bank of America Corp DE boosted its position in Weyerhaeuser by 1.2% during the 2nd quarter. Bank of America Corp DE now owns 7,983,841 shares of the real estate investment trust’s stock valued at $291,091,000 after purchasing an additional 97,337 shares during the period. Morgan Stanley boosted its position in Weyerhaeuser by 10.3% during the 2nd quarter. Morgan Stanley now owns 7,555,419 shares of the real estate investment trust’s stock valued at $275,472,000 after purchasing an additional 706,848 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Weyerhaeuser by 8.8% during the 1st quarter. Principal Financial Group Inc. now owns 4,958,363 shares of the real estate investment trust’s stock valued at $173,543,000 after purchasing an additional 401,218 shares during the period. Institutional investors and hedge funds own 76.31% of the company’s stock.

Shares of NYSE WY opened at $26.23 on Wednesday. Weyerhaeuser has a twelve month low of $25.75 and a twelve month high of $38.39. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $20.07 billion, a PE ratio of 22.81, a PEG ratio of 3.41 and a beta of 1.38.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings results on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the firm posted $0.34 earnings per share. Weyerhaeuser’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Weyerhaeuser will post 1.56 EPS for the current year.

Weyerhaeuser Company 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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