Grandfield & Dodd LLC Purchases 13,555 Shares of Weyerhaeuser Company (NYSE:WY)

Grandfield & Dodd LLC lifted its stake in Weyerhaeuser Company (NYSE:WY - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 666,069 shares of the real estate investment trust's stock after acquiring an additional 13,555 shares during the quarter. Grandfield & Dodd LLC owned approximately 0.09% of Weyerhaeuser worth $19,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. South Plains Financial Inc. acquired a new stake in Weyerhaeuser during the fourth quarter worth approximately $25,000. Fourth Dimension Wealth LLC bought a new position in shares of Weyerhaeuser during the fourth quarter worth approximately $27,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in Weyerhaeuser during the 1st quarter worth approximately $31,000. TD Waterhouse Canada Inc. boosted its stake in Weyerhaeuser by 136.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,400 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 807 shares during the period. Finally, Lee Danner & Bass Inc. acquired a new position in Weyerhaeuser in the 4th quarter valued at $44,000. Institutional investors own 82.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup decreased their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, June 3rd. Truist Financial lowered their price objective on Weyerhaeuser from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group downgraded Weyerhaeuser from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 23rd. CIBC reduced their target price on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price target on Weyerhaeuser from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.13.

Weyerhaeuser Trading Down 0.7%

NYSE:WY traded down $0.19 during mid-day trading on Thursday, hitting $25.71. 3,147,944 shares of the company's stock were exchanged, compared to its average volume of 3,851,420. Weyerhaeuser Company has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The company has a current ratio of 2.04, a quick ratio of 1.26 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $18.65 billion, a P/E ratio of 51.38, a PEG ratio of 39.83 and a beta of 1.14. The company has a 50 day simple moving average of $26.21 and a 200-day simple moving average of $27.73.

Weyerhaeuser (NYSE:WY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Weyerhaeuser had a net margin of 5.15% and a return on equity of 3.59%. Weyerhaeuser's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. As a group, research analysts expect that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.27%. Weyerhaeuser's dividend payout ratio (DPR) is 168.00%.

Weyerhaeuser announced that its board has authorized a share repurchase plan on Thursday, May 8th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the real estate investment trust to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

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.