Grandfield & Dodd LLC lifted its stake in shares of Weyerhaeuser Co (NYSE:WY) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 486,929 shares of the real estate investment trust’s stock after acquiring an additional 35,615 shares during the period. Weyerhaeuser accounts for about 1.6% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 23rd largest position. Grandfield & Dodd LLC owned 0.06% of Weyerhaeuser worth $15,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in Weyerhaeuser in the second quarter valued at approximately $82,829,000. BlackRock Inc. raised its holdings in Weyerhaeuser by 2.4% in the second quarter. BlackRock Inc. now owns 51,753,003 shares of the real estate investment trust’s stock valued at $1,886,914,000 after buying an additional 1,220,115 shares during the period. First Republic Investment Management Inc. purchased a new position in Weyerhaeuser in the second quarter valued at approximately $39,730,000. Schwab Charles Investment Management Inc. raised its holdings in Weyerhaeuser by 40.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,745,181 shares of the real estate investment trust’s stock valued at $136,550,000 after buying an additional 1,085,567 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Weyerhaeuser by 2,860.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 930,847 shares of the real estate investment trust’s stock valued at $33,939,000 after buying an additional 899,400 shares during the period. Institutional investors and hedge funds own 77.02% of the company’s stock.
Shares of NYSE:WY opened at $27.62 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.35 and a quick ratio of 1.04. Weyerhaeuser Co has a 52-week low of $25.75 and a 52-week high of $38.39. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 4.54 and a beta of 1.48.
Weyerhaeuser (NYSE:WY) last issued its quarterly earnings data on Friday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.11). Weyerhaeuser had a net margin of 14.51% and a return on equity of 11.65%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business earned $0.34 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Weyerhaeuser Co will post 1.21 EPS for the current fiscal year.
WY has been the topic of several research reports. Zacks Investment Research lowered shares of Weyerhaeuser from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. ValuEngine lowered shares of Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. DA Davidson restated a “neutral” rating on shares of Weyerhaeuser in a report on Friday, July 27th. BMO Capital Markets cut their price target on shares of Weyerhaeuser from $36.00 to $33.00 and set a “market perform” rating on the stock in a report on Tuesday, October 30th. Finally, Vertical Research upgraded shares of Weyerhaeuser from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Weyerhaeuser currently has a consensus rating of “Buy” and a consensus target price of $35.20.
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Weyerhaeuser Company Profile
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control 12.4 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.
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