Weyerhaeuser Company $WY Shares Acquired by Grove Bank & Trust

Key Points

• Grove Bank & Trust significantly increased its holdings in Weyerhaeuser Company by 3,048.9%, now owning 20,342 shares valued at approximately $523,000.
• Weyerhaeuser reported a $0.12 EPS for its latest quarter, exceeding the consensus estimate, but its revenue declined 2.8% year-over-year.
• The company declared a quarterly dividend of $0.21, resulting in an annualized yield of 3.5%, amidst a high dividend payout ratio of 221.05%.

Grove Bank & Trust increased its position in shares of Weyerhaeuser Company (NYSE:WY - Free Report) by 3,048.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,342 shares of the real estate investment trust's stock after buying an additional 19,696 shares during the quarter. Grove Bank & Trust's holdings in Weyerhaeuser were worth $523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new stake in shares of Weyerhaeuser during the 4th quarter worth about $27,000. GKV Capital Management Co. Inc. bought a new stake in shares of Weyerhaeuser in the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Weyerhaeuser during the 1st quarter valued at about $31,000. Costello Asset Management INC acquired a new stake in shares of Weyerhaeuser in the 1st quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of Weyerhaeuser in the first quarter valued at approximately $36,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In other news, Director Sara Grootwassink Lewis purchased 4,000 shares of the stock in a transaction dated Monday, August 11th. The shares were purchased at an average cost of $25.29 per share, with a total value of $101,160.00. Following the completion of the acquisition, the director owned 21,478 shares in the company, valued at $543,178.62. This represents a 22.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.27% of the company's stock.

Weyerhaeuser Stock Up 0.1%

Shares of NYSE:WY traded up $0.03 during trading on Tuesday, reaching $24.29. 609,281 shares of the company traded hands, compared to its average volume of 4,099,883. The firm has a market cap of $17.52 billion, a P/E ratio of 63.91, a price-to-earnings-growth ratio of 84.50 and a beta of 1.07. Weyerhaeuser Company has a 1-year low of $23.98 and a 1-year high of $34.03. The company has a quick ratio of 0.68, a current ratio of 1.04 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $25.58 and a 200 day simple moving average of $26.33.

Weyerhaeuser (NYSE:WY - Get Free Report) last announced its earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. Weyerhaeuser had a net margin of 3.97% and a return on equity of 2.95%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. Analysts anticipate that Weyerhaeuser Company will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a dividend yield of 3.5%. Weyerhaeuser's dividend payout ratio is presently 221.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of Weyerhaeuser from $35.00 to $31.00 and set a "buy" rating for the company in a research report on Tuesday, June 3rd. Wall Street Zen lowered Weyerhaeuser from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. CIBC decreased their price target on Weyerhaeuser from $32.00 to $31.00 and set an "outperformer" rating on the stock in a research note on Thursday, September 11th. DA Davidson dropped their target price on Weyerhaeuser from $36.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, July 22nd. Finally, Truist Financial reduced their price target on Weyerhaeuser from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Weyerhaeuser presently has an average rating of "Moderate Buy" and an average price target of $32.88.

About Weyerhaeuser

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.