Stephens & Co. Starts Coverage on Weyerhaeuser Company (WY) Giving It An Initial Rating Of “Equal-Weight”


Weyerhaeuser Company (NYSE:WY).

On August 14, 2017 the stock rating was rated “Market Perform” by BMO Capital down from the previous “Outperform” rating. On July 5 the stock rating was downgraded to “Neutral” from “Buy” by Bank of America.

In the market the company is trading down by 0.20%% since yesterday’s close of 34.82. Additionally the company announced a dividend for shareholders that was paid on Fri Sep 22, 2017. The dividend payment was $0.310 per share for the quarter or $1.24 annualized. This dividend represents a yield of $3.52 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 7th of September 2017.

Shares are trading at $34.75 slightly over $33.95, the 50 day moving average and barely above the 200 day moving average of $33.39. The 50 day moving average moved up $0.80 whereas the 200 day average was up by +4.08%.

Weyerhaeuser Company, launched on January 18, 1900, is a timber, land and forest products company. As of December 31, 2016, the Company owned or controlled 13.1 million acres of timberlands, primarily in the United States, and manages additional timberlands under long-term licenses in Canada. The Business’s segments include Timberlands; Real Estate, Energy and Natural Resources (Real Estate & ENR), and Wood Products. The Timberlands segment’s offerings include logs, timber and recreational access through leases. The Real Estate & ENR segment includes sales of timberlands; rights to explore for and extract hard minerals, oil and gas production, and coal, and equity interests in its Real Estate Development Ventures. The Wood Products segment includes softwood lumber, engineered wood products, structural panels, medium density fiberboard and building materials distribution..

The P/E ratio is currently 27.32 and market cap is 26.16B. In the latest earnings report the EPS was $1.27 and is projected to be $1.06 for the current year with 752,940,000 shares outstanding. Next quarter’s EPS is estimated at $0.26 with next year’s EPS projected to be $1.28.

Short traders are more bullish on the company if you pay attention to the change in short interest. The stock recorded a fall in short interest of -6.61% between September 15, 2017 and September 29, 2017. Short interest fell from 12,508,238 to 11,681,603 over that period. Days to cover increased 1.0 to 4.0 and the short interest percentage is 0.02% as of September 29.