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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Weyerhaeuser (NYSE: WY) hit a new 52-week high Friday as it is currently trading at $29.47, above its previous 52-week high of $29.38 with 647,693 shares traded as of 10:20 a.m. ET. Average volume has been 4.2 million shares over the past 30 days. Weyerhaeuser has a market cap of $15.79 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 4.8% year to date as of the close of trading on Thursday. Weyerhaeuser Company, a forest products company, grows and harvests trees, builds homes, and manufactures forest products worldwide. It grows and harvests trees for use as lumber, other wood and building products, and pulp and paper. The company has a P/E ratio of 51.1, above the S&P 500 P/E ratio of 17.7.