We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Weyerhaeuser (WY) to Divest Uruguay Business for $402.5M
Read MoreHide Full Article
Weyerhaeuser Co. (WY - Free Report) recently signed a deal to divest its Uruguay-based timberlands and manufacturing business against $402.5 million in cash, to a consortium headed by BTG Pactual's Timberland Investment Group (TIG).
The spin-off failed to evoke any investor interests as share prices remained relatively flat, post the announcement, at $33.4 per share as of Jun 6.
Over the last one year, shares of this Zacks Rank #2 (Buy) stock yielded a return of 11.03%, outperforming 10.27% growth recorded by the Zacks categorized Building Products - Wood industry.
Inside the Headlines
Weyerhaeuser’s timberlands and manufacturing business includes value-added manufacturing facilities, and premium quality timberlands. The company even noted that the current workforce of the Uruguay business is highly skilled and productive.
Per the recently inked deal, Weyerhaeuser would divest its Uruguay business to a consortium formed by TIG and some other long-term institutional investors.
Under this transaction, more than 300,000 acres of timberlands in north central and northeastern Uruguay would be divested by Weyerhaeuser. In addition to this, the company’s co-generation facility, plywood and veneer manufacturing facility, and a seedling nursery would also be sold under the deal.
The transaction is currently subject to regulatory reviews, but Weyerhaeuser anticipates to close the same in fourth-quarter 2017. Notably, the company expects to incur negligible taxes in relation to the agreement.
Other Key Picks
Some other top-ranked stocks in the industry are listed below:
TopBuild Corp. (BLD - Free Report) , which sports a Zacks Rank #1 at present, pulled off an average positive earnings surprise of 5.98% over the last four quarters.
EMCOR Group, Inc. (EME - Free Report) currently carries a Zacks Rank #2 and has an average positive earnings surprise of 15.45% for the past four quarters.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Weyerhaeuser (WY) to Divest Uruguay Business for $402.5M
Weyerhaeuser Co. (WY - Free Report) recently signed a deal to divest its Uruguay-based timberlands and manufacturing business against $402.5 million in cash, to a consortium headed by BTG Pactual's Timberland Investment Group (TIG).
The spin-off failed to evoke any investor interests as share prices remained relatively flat, post the announcement, at $33.4 per share as of Jun 6.
Over the last one year, shares of this Zacks Rank #2 (Buy) stock yielded a return of 11.03%, outperforming 10.27% growth recorded by the Zacks categorized Building Products - Wood industry.
Inside the Headlines
Weyerhaeuser’s timberlands and manufacturing business includes value-added manufacturing facilities, and premium quality timberlands. The company even noted that the current workforce of the Uruguay business is highly skilled and productive.
Per the recently inked deal, Weyerhaeuser would divest its Uruguay business to a consortium formed by TIG and some other long-term institutional investors.
Under this transaction, more than 300,000 acres of timberlands in north central and northeastern Uruguay would be divested by Weyerhaeuser. In addition to this, the company’s co-generation facility, plywood and veneer manufacturing facility, and a seedling nursery would also be sold under the deal.
The transaction is currently subject to regulatory reviews, but Weyerhaeuser anticipates to close the same in fourth-quarter 2017. Notably, the company expects to incur negligible taxes in relation to the agreement.
Other Key Picks
Some other top-ranked stocks in the industry are listed below:
Boise Cascade Company (BCC - Free Report) delivered a remarkable average positive earnings surprise of 114.74% over the trailing four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
TopBuild Corp. (BLD - Free Report) , which sports a Zacks Rank #1 at present, pulled off an average positive earnings surprise of 5.98% over the last four quarters.
EMCOR Group, Inc. (EME - Free Report) currently carries a Zacks Rank #2 and has an average positive earnings surprise of 15.45% for the past four quarters.
3 Stocks to Ride a 588% Revenue Explosion
At Zacks, we're mostly focused on short-term profit cycles, but the hottest of all technology mega-trends is starting to take hold...
By last year, it was already generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. See Zacks' Top 3 Stocks to Ride This Space >>