Weyerhaeuser Co.NYSE
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  • Tue, Nov. 22, 11:13 AM
    • Citing valuation after a big run higher, analyst George Staphos downgrades Potlatch (PCH +0.1%) to Hold from Buy. His preferred name in the sector remains the Buy-rated Weyerhaeuser (WY +1.2%).
    • Source: Bloomberg
    • YTD results: Potlatch up 44%, WY up 7%
    | Tue, Nov. 22, 11:13 AM | 3 Comments
  • Fri, Oct. 28, 3:15 AM
    • Weyerhaeuser (NYSE:WY): Q3 EPS of $0.23 beats by $0.01.
    • Revenue of $1.71B (+25.7% Y/Y) misses by $30M.
    • Press Release
    | Fri, Oct. 28, 3:15 AM
  • Thu, Oct. 27, 5:30 PM
    | Thu, Oct. 27, 5:30 PM | 2 Comments
  • Fri, Oct. 14, 5:38 PM
    • Weyerhaeuser (NYSE:WY) declares $0.31/share quarterly dividend, in line with previous.
    • Forward yield 3.95%
    • Payable Nov. 18; for shareholders of record Oct. 28; ex-div Oct. 26.
    | Fri, Oct. 14, 5:38 PM | 2 Comments
  • Wed, Oct. 12, 7:30 AM
    • Weyerhaeuser (NYSE:WY) announces it will the explore strategic alternatives for its timberlands and manufacturing operations in Uruguay.
    • The company says it will take a look at a number of options, including  a sale.
    • Source: Press Release
    | Wed, Oct. 12, 7:30 AM | 6 Comments
  • Thu, Sep. 22, 6:48 PM
    • Weyerhauser (NYSE:WY) was today's biggest mover in the S&P 500, surging 5.7% in its biggest gain since February 2012, after Goldman Sachs initiated coverage with a Buy rating and adding it to the firm's Conviction List, citing its “leverage to the housing recovery.”
    • Goldman says WY has the best timberland assets in the industry, and views WY as the only way for investors to get exposure to the attractive timberland asset class through a liquid, large-cap publicly traded equity.
    • The firm expect continued timberland price appreciation to drive WY’s stock price higher, as the value of its land ownership comprises ~75% of the company's enterprise value.
    • Elsewhere in the U.S. paper and forest products sector, Goldman also awards a Buy rating to Boise Cascade (NYSE:BCC) because of its strength in wood products; the firm rates International Paper (NYSE:IP), WestRock (NYSE:WRK), Domtar (NYSE:UFS) and Enviva Partners (NYSE:EVA) at Neutral, and Packaging Corp. of America (NYSE:PKG) as a Sell.
    | Thu, Sep. 22, 6:48 PM | 8 Comments
  • Thu, Sep. 22, 9:40 AM
    • Goldman Sachs starts coverage on Weyerhaeuser (WY +4.3%) with a Conviction Buy rating and $37 price target (22% upside from yesterday's close).
    | Thu, Sep. 22, 9:40 AM | 5 Comments
  • Fri, Aug. 19, 4:38 PM
    • Weyerhaeuser (NYSE:WY) declares $0.31/share quarterly dividend, in line with previous.
    • Forward yield 3.98%
    • Payable Sept. 23; for shareholders of record Sept. 9; ex-div Sept. 7.
    | Fri, Aug. 19, 4:38 PM | 3 Comments
  • Wed, Aug. 10, 6:27 PM
    • International Paper (NYSE:IP) popped higher during today's trade on rumors it could be a possible takeover target, with BMO Capital analysts highlighting privately-held Koch Industries as a potential buyer since it has been "actively consolidating the forest products sector for more than a decade."
    • BMO also speculates on an IP pairing with Georgia-Pacific, saying the combination would pose regulatory challenges and likely require divestitures, particularly in the container board and fluff pulp sectors.
    • IP-GP would sport a combined pro forma market share of ~45% in container board and 65%-70% in fluff pulp, including IP’s pending acquisition of Weyerhaeuser’s (NYSE:WY) fluff pulp assets.
    | Wed, Aug. 10, 6:27 PM | 5 Comments
  • Mon, Aug. 8, 3:48 PM
    • Weyerhauser (WY -1.5%) is downgraded to Neutral from Buy with a $33 price target at DA Davidson following the company's Q2 earnings and revenue miss.
    • The firm cuts its FY 2016 EPS estimate by $0.09 to $0.53 due to a higher than anticipated full-year share count and the elimination of the residual contribution from the paper segment that offsets a higher contribution from wood.
    • Davidson also sees potential risk for building products in the future, as a prolonged recession or a double dip in the housing market could lower pricing and demand for many of WY's building products, which could adversely affect revenues and operating results.
    | Mon, Aug. 8, 3:48 PM
  • Fri, Aug. 5, 3:14 AM
    • Weyerhaeuser (NYSE:WY): Q2 EPS of $0.16
    • Revenue of $1.66B (+23.0% Y/Y)
    • Press Release
    | Fri, Aug. 5, 3:14 AM | 3 Comments
  • Thu, Aug. 4, 5:30 PM
    | Thu, Aug. 4, 5:30 PM | 1 Comment
  • Thu, Jul. 28, 6:34 PM
    • International Paper (NYSE:IP) says it is not seeing a rise in packaging demand in Brazil ahead of the Olympics next month, in contrast to surging demand two years ago when the country hosted the World Cup.
    • Brazil is in the thick of a severe recession and hopes for an economic jolt from the Olympics, which start Aug. 5 in Rio de Janeiro.
    • CEO Mark Sutton says packaging demand in China is rising ~5% YTD vs. 7%-8% growth last year, and demand in the U.S. is growing ~1.5%, at the high-end of a 1%-1.5% growth range in recent years but below 2% growth rates that were more common before the recession.
    • IP earlier reported better than expected Q2 earnings on a 6.8% drop in revenue to $5.32B.
    • IP reiterates that it expects to close the $2.2B acquisition of Weyerhaeuser's (NYSE:WY) pulp business in Q4.
    | Thu, Jul. 28, 6:34 PM | 5 Comments
  • Tue, Jul. 19, 7:37 AM
  • Wed, Jun. 29, 10:53 AM
    • "We believe that Weyerhaeuser's (WY +4.2%) primarily domestic focused business will allow fundamentals to stay well-insulated from the outside noise," says D.A. Davidson, upgrading to Buy from Neutral following the stock's Brexit-related drop.
    • The $33 price target suggests near-20% upside from yesterday's close.
    • Investing in WY is essentially a play on the domestic housing recovery and American timberland as an asset class, says the team, and thus relatively uncorrelated with what's happening across the pond.
    • Should the U.S. economy slow down, it means lower interest rates, which should make WY's 4.3% dividend especially attractive.
    | Wed, Jun. 29, 10:53 AM | 17 Comments
  • Tue, May 31, 11:46 AM
    • High lumber prices could be around for awhile, says Citi's Anthony Pettinari, as dealers have underestimated the strength of the housing market.
    • In addition to strong demand and lean inventories, the resolution of the Canadian softwood lumber trade dispute, a return of Chinese buyers to the market, and an early start to the fire season should all be bullish catalysts. There's also a possible surge in demand ahead of a potential Canadian duty hike in October.
    • Pettinari and team's top lumber stock pick is Weyerhaeuser (WY) thanks to the company's pricing power, market positioning, streamlined portfolio, and attractive valuation.
    | Tue, May 31, 11:46 AM | 10 Comments