Grandfield & Dodd LLC Reduces Holdings in Weyerhaeuser Company $WY

Grandfield & Dodd LLC reduced its holdings in shares of Weyerhaeuser Company (NYSE:WY) by 6.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 625,144 shares of the real estate investment trust’s stock after selling 42,656 shares during the period. Grandfield & Dodd LLC’s holdings in Weyerhaeuser were worth $14,810,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new position in Weyerhaeuser during the 4th quarter valued at about $39,000. Addison Advisors LLC increased its holdings in Weyerhaeuser by 83.4% during the 4th quarter. Addison Advisors LLC now owns 1,665 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 757 shares in the last quarter. Optiver Holding B.V. purchased a new position in Weyerhaeuser during the 3rd quarter valued at about $42,000. Costello Asset Management INC increased its holdings in Weyerhaeuser by 118.9% during the 4th quarter. Costello Asset Management INC now owns 1,797 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 976 shares in the last quarter. Finally, Lloyd Advisory Services LLC. purchased a new position in Weyerhaeuser during the 4th quarter valued at about $43,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on WY shares. Citigroup lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on shares of Weyerhaeuser from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Truist Financial lowered their price target on shares of Weyerhaeuser from $29.00 to $28.00 and set a “hold” rating for the company in a report on Wednesday, April 15th. Weiss Ratings downgraded shares of Weyerhaeuser from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Canadian Imperial Bank of Commerce set a $28.00 price target on shares of Weyerhaeuser in a report on Thursday, April 23rd. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.88.

Weyerhaeuser Price Performance

Weyerhaeuser stock opened at $24.53 on Friday. Weyerhaeuser Company has a 1 year low of $21.16 and a 1 year high of $27.86. The firm has a 50 day moving average price of $24.06 and a 200 day moving average price of $24.22. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 1.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 1.42.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. Weyerhaeuser had a net margin of 5.78% and a return on equity of 1.45%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the firm earned $0.11 earnings per share. Weyerhaeuser’s revenue was down 2.0% compared to the same quarter last year. Sell-side analysts predict that Weyerhaeuser Company will post 0.32 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Friday, June 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, June 5th. Weyerhaeuser’s payout ratio is presently 155.56%.

Weyerhaeuser Profile

Weyerhaeuser Company (NYSE: WY) is a leading integrated forest products company whose core businesses are timberland ownership and forest products manufacturing. The company owns and manages large tracts of timberland and harvests, processes and sells wood and wood-derived products used primarily in residential and industrial construction. Its manufacturing operations produce a range of building materials, including lumber, engineered wood products and wood panels, alongside fiber-based products that serve multiple commercial applications.

Founded in 1900 by Frederick Weyerhaeuser and headquartered in Seattle, Washington, the company has a long history in the North American forest products industry.