Dundee Securities Issues a Downgrade on Weyerhaeuser Company (NYSE:WY) Shares. What’s Next?


Weyerhaeuser Company (NYSE:WY) Receives a Downgrade

In an interesting research report revealed to investors on Friday morning, Dundee Securities announced that they will be downgrading shares of Weyerhaeuser Company (NYSE:WY) from a “Buy” to a “Neutral” rating.

From a total of 14 analysts covering Weyerhaeuser Company (NYSE:WY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $39 while the lowest target price is $28. The mean of all analyst targets is $35.36 with a 15.66% above today’s ($29.83) stock price. Weyerhaeuser Company was the topic of 7 analyst reports since September 11, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 17 with “Outperform” rating. CLSA upgraded WY stock in a recent report from November 13 to “Outperform” rating. Finally, Bank of America upgraded the stock to “Buy” rating in a report issued on a September 15.

Approximately 3.75M shares of stock traded hands. Weyerhaeuser Co (NYSE:WY) has declined 5.26% since May 15, 2015 and is downtrending. It has underperformed by 1.45% the S&P500.

The overall sentiment of institutions has decreased to 0.82 in Q2 2015. Its down 0.12, from 0.94 in 2015Q2. The ratio worsened, as 61 institutions have sold all the shares of Weyerhaeuser Co that they owned while 218 funds have taken shares off the table. 48 funds have purchased shares for the first time while 180 added to their positions. These institutions now hold 388.69 million shares or 7.48% less than the 420.12 million shares they owned in 2015Q2.

The Fund Fiduciary Counselling Inc currently is holding shares equating to 30.82% of its total portfolio in Weyerhaeuser Co representing a total of 239,250 shares. Another fund,Third Avenue Management Llc, is holding a total of 11.81 million shares equating to 8.79% of their holdings. Additionally, Capital Innovations Llc has a 222,872 share stake in Weyerhaeuser Co which represents 6.93% of their total portfolio. The Fund, Baker Boyer National Bank, based out of Washington, has also built up a stake in the stock, which represents a total of 4.38% of their total portfolio. Finally Sasco Capital Inc Ct, a fund which is based in the state of Connecticut reported a total holdings of 7.11 million shares.

Insider activity is a very important aspect to track on any stock. Going back to October 21, 2015, shareholders of Weyerhaeuser Co have witnessed 0 insider purchases, and a total of 4 insider sales equating to a net activity of approximately $615,388 . Hunter Rhonda D sold 3,291 shares worth approximately $98,730. Slater Catherine I sold 5,483 shares worth approximately $164,490.

Weyerhaeuser Company is a real estate investment trust . The company has a market cap of $15.85 billion. The Firm is an owner of timberlands. It has 27.41 P/E ratio. It is principally engaged in growing and harvesting timber, as well as manufacturing, distributing and selling products made from trees.

According to Zacks Investment Research, “Weyerhaeuser Company is principally engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products, real estate development and construction, and other real estate related activities. Its business segments are timberlands; wood products; pulp, paper and packaging; and real estate and related assets.”