Grandfield & Dodd LLC Buys 5,008 Shares of Weyerhaeuser (NYSE:WY)

Grandfield & Dodd LLC increased its stake in Weyerhaeuser (NYSE:WY) by 0.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 656,911 shares of the real estate investment trust’s stock after acquiring an additional 5,008 shares during the period. Weyerhaeuser comprises 1.3% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 29th biggest position. Grandfield & Dodd LLC’s holdings in Weyerhaeuser were worth $22,243,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WY. Oakworth Capital Inc. acquired a new position in shares of Weyerhaeuser during the third quarter valued at $25,000. Ridgewood Investments LLC acquired a new position in Weyerhaeuser during the 2nd quarter valued at about $26,000. Itau Unibanco Holding S.A. bought a new position in shares of Weyerhaeuser in the 2nd quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Weyerhaeuser by 4,884.2% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 928 shares during the period. Finally, Park Place Capital Corp raised its stake in shares of Weyerhaeuser by 440.5% during the second quarter. Park Place Capital Corp now owns 1,227 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insider Transactions at Weyerhaeuser

In other Weyerhaeuser news, Director Albert Monaco purchased 31,500 shares of the stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $31.38 per share, for a total transaction of $988,470.00. Following the purchase, the director now owns 70,726 shares of the company’s stock, valued at approximately $2,219,381.88. This represents a 80.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of Weyerhaeuser stock in a transaction dated Friday, September 13th. The shares were acquired at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at approximately $565,680.72. The trade was a 79.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on WY shares. Royal Bank of Canada lifted their target price on shares of Weyerhaeuser from $34.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Citigroup reduced their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. DA Davidson lowered their price target on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, July 29th. BMO Capital Markets reissued a “market perform” rating and set a $38.00 price objective on shares of Weyerhaeuser in a research note on Tuesday, July 30th. Finally, StockNews.com cut shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Weyerhaeuser has an average rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Stock Performance

Shares of WY stock opened at $30.68 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.41 and a current ratio of 2.01. Weyerhaeuser has a 52 week low of $26.73 and a 52 week high of $36.27. The company’s 50 day moving average price is $32.32 and its two-hundred day moving average price is $30.79. The company has a market capitalization of $22.29 billion, a P/E ratio of 41.45 and a beta of 1.40.

Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.70 billion. Weyerhaeuser had a net margin of 7.43% and a return on equity of 4.21%. The firm’s quarterly revenue was down 13.3% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. On average, analysts expect that Weyerhaeuser will post 0.46 earnings per share for the current fiscal year.

Weyerhaeuser Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. Weyerhaeuser’s dividend payout ratio (DPR) is 108.11%.

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.