Grandfield & Dodd LLC Cuts Stake in Weyerhaeuser (NYSE:WY)

Grandfield & Dodd LLC reduced its position in shares of Weyerhaeuser (NYSE:WY) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 652,514 shares of the real estate investment trust’s stock after selling 4,397 shares during the quarter. Grandfield & Dodd LLC owned 0.09% of Weyerhaeuser worth $18,368,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in WY. Meeder Asset Management Inc. raised its stake in Weyerhaeuser by 172.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,136 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 719 shares during the last quarter. Asset Planning Inc purchased a new position in Weyerhaeuser in the fourth quarter worth about $36,000. Capital Performance Advisors LLP bought a new stake in shares of Weyerhaeuser during the 3rd quarter valued at about $50,000. AdvisorNet Financial Inc increased its position in shares of Weyerhaeuser by 41.2% during the 4th quarter. AdvisorNet Financial Inc now owns 1,665 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 486 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Weyerhaeuser by 165.6% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,971 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 1,229 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Weyerhaeuser Trading Down 0.0 %

Shares of WY stock opened at $30.06 on Monday. The company has a market cap of $21.81 billion, a PE ratio of 54.65, a price-to-earnings-growth ratio of 4.74 and a beta of 1.42. Weyerhaeuser has a 1 year low of $26.73 and a 1 year high of $36.27. The stock’s 50 day simple moving average is $29.43 and its two-hundred day simple moving average is $30.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Research analysts predict that Weyerhaeuser will post 0.78 earnings per share for the current year.

Weyerhaeuser Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a yield of 2.79%. This is a boost from Weyerhaeuser’s previous quarterly dividend of $0.20. Weyerhaeuser’s payout ratio is presently 152.73%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial cut their price target on Weyerhaeuser from $34.00 to $33.00 and set a “hold” rating for the company in a report on Monday, January 6th. Citigroup lowered their price target on shares of Weyerhaeuser from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Raymond James raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Monday, December 23rd. StockNews.com upgraded shares of Weyerhaeuser from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Weyerhaeuser 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.