Grantham Mayo Van Otterloo & Co. LLC Has $6.93 Million Stake in Weyerhaeuser Company $WY

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Weyerhaeuser Company (NYSE:WY) by 442.9% in the third quarter, Holdings Channel reports. The fund owned 279,600 shares of the real estate investment trust’s stock after buying an additional 228,100 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Weyerhaeuser were worth $6,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake in shares of Weyerhaeuser by 401.3% in the third quarter. Tradewinds Capital Management LLC now owns 1,198 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 959 shares during the period. Cromwell Holdings LLC boosted its stake in Weyerhaeuser by 58.3% during the 3rd quarter. Cromwell Holdings LLC now owns 1,361 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 501 shares during the period. Operose Advisors LLC acquired a new stake in Weyerhaeuser in the 2nd quarter valued at approximately $41,000. Optiver Holding B.V. acquired a new stake in Weyerhaeuser in the 3rd quarter valued at approximately $42,000. Finally, Hantz Financial Services Inc. increased its position in Weyerhaeuser by 69.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,909 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 784 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Weyerhaeuser

In related news, CEO Devin W. Stockfish sold 90,162 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $23.33, for a total value of $2,103,479.46. Following the completion of the transaction, the chief executive officer owned 1,024,861 shares of the company’s stock, valued at $23,910,007.13. This represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sara Grootwassink Lewis purchased 4,500 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were acquired at an average price of $23.61 per share, with a total value of $106,245.00. Following the purchase, the director owned 25,978 shares of the company’s stock, valued at approximately $613,340.58. This trade represents a 20.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 28,500 shares of company stock valued at $721,645 over the last quarter. 0.27% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WY has been the subject of several research reports. Wall Street Zen cut Weyerhaeuser from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Citigroup boosted their target price on shares of Weyerhaeuser from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Bank of America reiterated a “neutral” rating and set a $26.00 target price (down from $29.00) on shares of Weyerhaeuser in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Weyerhaeuser in a research report on Friday, December 12th. Finally, Weiss Ratings upgraded shares of Weyerhaeuser from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $28.88.

Weyerhaeuser Price Performance

Shares of NYSE:WY opened at $24.45 on Tuesday. The firm has a market capitalization of $17.62 billion, a PE ratio of 55.57 and a beta of 1.03. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. Weyerhaeuser Company has a 1-year low of $21.16 and a 1-year high of $31.12. The business’s 50 day moving average is $25.65 and its 200-day moving average is $24.42.

Weyerhaeuser (NYSE:WY) last issued its earnings results on Thursday, January 29th. The real estate investment trust reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.04. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.58 billion. Weyerhaeuser had a return on equity of 1.50% and a net margin of 4.69%.Weyerhaeuser’s revenue was down 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share. Sell-side analysts predict that Weyerhaeuser Company will post 0.78 earnings per share for the current year.

Weyerhaeuser Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Weyerhaeuser’s dividend payout ratio (DPR) is presently 190.91%.

About Weyerhaeuser

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.