Grandfield & Dodd LLC Raises Stock Holdings in Weyerhaeuser (NYSE:WY)

Grandfield & Dodd LLC raised its stake in shares of Weyerhaeuser (NYSE:WY) by 0.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 645,469 shares of the real estate investment trust’s stock after acquiring an additional 1,167 shares during the period. Weyerhaeuser makes up approximately 1.5% of Grandfield & Dodd LLC’s holdings, making the stock its 28th biggest position. Grandfield & Dodd LLC owned approximately 0.09% of Weyerhaeuser worth $23,179,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Raleigh Capital Management Inc. boosted its position in Weyerhaeuser by 606.7% in the third quarter. Raleigh Capital Management Inc. now owns 848 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 728 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Weyerhaeuser in the fourth quarter worth approximately $26,000. American National Bank grew its position in Weyerhaeuser by 171.5% during the first quarter. American National Bank now owns 763 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Lindbrook Capital LLC grew its position in Weyerhaeuser by 92.6% during the fourth quarter. Lindbrook Capital LLC now owns 888 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 427 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Weyerhaeuser during the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.99% of the company’s stock.

Weyerhaeuser Trading Up 5.0 %

WY stock traded up $1.38 during mid-day trading on Thursday, reaching $28.96. The company had a trading volume of 6,851,269 shares, compared to its average volume of 3,506,740. The firm has a 50 day moving average of $29.44 and a 200 day moving average of $32.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.24 and a quick ratio of 1.57. Weyerhaeuser has a 12 month low of $26.73 and a 12 month high of $36.27. The company has a market capitalization of $21.11 billion, a PE ratio of 26.33 and a beta of 1.39.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, April 25th. The real estate investment trust reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Weyerhaeuser had a return on equity of 7.00% and a net margin of 10.57%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. On average, equities analysts predict that Weyerhaeuser will post 0.99 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, May 31st. Weyerhaeuser’s payout ratio is 72.73%.

Insider Activity

In other news, Director Nicole Weyerhaeuser Piasecki sold 5,776 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $29.40, for a total transaction of $169,814.40. Following the transaction, the director now directly owns 5,790 shares of the company’s stock, valued at $170,226. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WY. Truist Financial reissued a “hold” rating and set a $36.00 price objective on shares of Weyerhaeuser in a research report on Wednesday, April 3rd. Royal Bank of Canada decreased their price objective on Weyerhaeuser from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. CIBC set a $37.00 price objective on Weyerhaeuser and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, BMO Capital Markets raised their target price on shares of Weyerhaeuser from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $37.00.

Weyerhaeuser Company Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.