Forest Products

Home prices are falling again. This morning, the Case-Schiller Index data for August (actually a three month average of June, July and August) was released. For the month, on a seasonally adjusted basis, the composite 10 city index (C-10) fell 0.17% while the broader composite 20 (C-20) was down...

Weyerhaeuser Co. (WY) is slated to release its third quarter 2010 results on Friday October 29. The current Zacks Consensus Estimate for the third quarter earnings per share (EPS) is 11 cents, representing an annualized growth of 204.82%. Weyerhaeuser had outperformed the Zacks Consensus...

For Immediate Release Chicago, IL – October 27, 2010 – Zacks.com Analyst Blog features: Ford Motor Co. (F), Wal-Mart (WMT), Darden Restaurants, (DRI), Weyerhaeuser (WY) and Berkshire Hathaway, (BRK.B ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros...

Below are the top regional – mid-atlantic bank stocks on the NYSE and the NASDAQ in terms of cash. Bank of America Corporation (NYSE: BAC) had $700.13 billion in total cash and $871.35 billion in total debt for the latest quarter. CIT Group Inc (DEL) (NYSE: CIT) had $9.70 billion in total cash for...

Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Ventas Inc. (NYSE: VTR) 4,314 puts, 35 calls 2. Louisiana Pacific Corp. (NYSE: LPX) 5,247 puts, 81 calls 3. Foot Locker (NYSE: FL) 5,114 puts, 97 calls 4. Fastenal Co. (NASDAQ: FAST)...

The board of directors of Weyerhaeuser Company (NYSE: WY) today declared a regular quarterly dividend of five cents per share on the common stock of the corporation. The dividend is payable Nov. 5 to shareholders of record at the close of business Dec. 1. The dividend returns $27 million to...

Shares of Weyerhaeuser Timber Company (NYSE: WY) are higher on the session by 0.88%, currently trading at $15.98. The stock has been moving largely sideways over the past three months, hovering around the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...

RBC Capital Markets has reiterated the ratings for the following companies: Targa Resources (NYSE: NGLS) Outperform, price target raised from $29 to $30 Motorola (NYSE: MOT) Sector Perform, price target raised from $9 to $10 Mednax (NYSE: MD) Outperform, price target raised from $62 to $66...

Weyerhaeuser Co. (NYSE: WY) today announced changes to the leadership of its Timberlands, Wood Products and Real Estate businesses effective immediately. Tom Gideon, previously executive vice president – Forest Products, assumes leadership of the company's Timberland business. Gideon led the...

Shares of Louisiana-Pacific Corporation (NYSE: LPX) are higher on the session by 1.33%, currently trading at $7.63. The stock has been moving largely sideways for the past four months after sliding lower throughout May. Options traders are buying calls on LPX today, betting that it can rally off...

We recently downgraded our rating for Universal Forest Products Inc. (UFPI), a manufacturer and distributor of lumber, composite wood, plastic and other building products, from Neutral to Underperform. We downgrade based on a host of factors including weak second quarter results, huge dependence...

Housing Starts surged in August, but the good news is probably better toasted with Miller than with Moet. Total housing starts rose 10.5% to an annualized rate of 598,000, well ahead of consensus expectations of just 550,000. However, that was from July starts that were revised down to a rate of...

Weyerhaeuser Co. (WY) announced the sale of its high purity cellulose mill, Cosmopolis to the Gores Group LLC, for an undisclosed amount. The Group is led by an investor group including Dermot Smurfit, a paper and packaging industry veteran. The mill, closed in October 2005, will commence...

Weyerhaeuser Co (NYSE: WY) announced on Wednesday that it plans to pay a special dividend of $5.6 billion. The special dividend would comprise of $560 million in cash and approximately 324 million of common shares. Shareholders who opt for cash will receive $4.03 a share. They will also receive 1....

Weyerhaeuser Co. (WY) announced that it will be issuing approximately 324 million shares as part of its dividend payment to shareholders of record as of July 22. The distribution, based on an average closing price of $15.54 as of August 24, 25 and 26, will increase the company’s share outstanding...