Weyerhaeuser Co(NYSE:WY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $1.66B. Analysts estimated a revenue of $7.52B. Earnings per share were $0.17.
In a different note, On Jun 29, 2016, DA Davidson said it Upgrades its rating on Weyerhaeuser Co. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, DA Davidson said it Downgrades its rating on Weyerhaeuser Co. In the research note, the firm Lowers the price-target to $34.00 per share. The shares have been rated ‘Neutral’ by the firm.
Weyerhaeuser Co (WY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.57% or 0.18 points. Due to strong positive momentum, the stock ended at $31.68, which is also near the day’s high of $31.71. The stock began the session at $31.54 and the volume stood at 31,01,978 shares. The 52-week high of the shares is $33.17 and the 52 week low is $22.06. The company has a current market capitalization of $23,720 M and it has 74,87,31,670 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Rhonda D Hunter (Sr. Vice President) sold 3,318 shares at $33.00 per share price.Also, On Jul 27, 2016, Rick R Holley (director) sold 608,000 shares at $32.58 per share price.On Jun 13, 2016, David P Bozeman (director) sold 1,929 shares at $30.30 per share price, according to the Form-4 filing with the securities and exchange commission.
Weyerhaeuser Company is a real estate investment trust (REIT). The Company is an owner of timberlands. It is principally engaged in growing and harvesting timber as well as manufacturing distributing and selling products made from trees. The Company owns nearly 7 million acres of timberlands primarily in the United States and manages additional timberlands under long-term licenses in Canada. It is engaged in the manufacturing of wood and specialty cellulose fibers products. The Company’s operational segments include Timberlands Wood Products and Cellulose Fibers. The Company’s Timberlands segment manages approximately 6.9 million acres of private commercial timberlands across the world. The Wood Products segment manufactures and distributes wood products primarily in North America and Asia. The Cellulose Fibers segment is involved in the production of absorbent fluff pulp used in products such as diapers.