Trust Co. of Vermont Increases Holdings in Weyerhaeuser Company $WY

Trust Co. of Vermont raised its stake in Weyerhaeuser Company (NYSE:WY) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,156 shares of the real estate investment trust’s stock after acquiring an additional 1,666 shares during the period. Trust Co. of Vermont’s holdings in Weyerhaeuser were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WY. GKV Capital Management Co. Inc. bought a new position in Weyerhaeuser in the 1st quarter worth about $29,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Weyerhaeuser during the 1st quarter valued at about $31,000. Costello Asset Management INC purchased a new position in Weyerhaeuser in the first quarter worth about $32,000. Marshall Investment Management LLC bought a new position in shares of Weyerhaeuser in the first quarter worth approximately $36,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Weyerhaeuser in the first quarter worth approximately $40,000. 82.99% of the stock is currently owned by institutional investors.

Weyerhaeuser Stock Down 0.0%

Weyerhaeuser stock opened at $24.94 on Friday. Weyerhaeuser Company has a one year low of $23.98 and a one year high of $33.56. The stock has a fifty day moving average of $25.43 and a 200 day moving average of $26.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 1.04. The stock has a market cap of $18.00 billion, a PE ratio of 65.64, a price-to-earnings-growth ratio of 124.46 and a beta of 1.05.

Weyerhaeuser (NYSE:WY) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Weyerhaeuser had a return on equity of 2.95% and a net margin of 3.97%.The business 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 company posted $0.21 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Weyerhaeuser Company will post 0.78 EPS for the current year.

Weyerhaeuser Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 29th were given a $0.21 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.84 annualized dividend and a yield of 3.4%. Weyerhaeuser’s dividend payout ratio (DPR) is presently 221.05%.

Insider Buying and Selling at Weyerhaeuser

In other Weyerhaeuser news, Director Sara Grootwassink Lewis acquired 4,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $25.29 per share, with a total value of $101,160.00. Following the transaction, the director directly owned 21,478 shares in the company, valued at approximately $543,178.62. The trade was a 22.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WY has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on shares of Weyerhaeuser from $30.00 to $29.00 and set a “hold” rating for the company in a report on Monday, July 28th. Wall Street Zen downgraded Weyerhaeuser from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. CIBC dropped their price objective on Weyerhaeuser from $32.00 to $31.00 and set an “outperformer” rating on the stock in a research report on Thursday, September 11th. JPMorgan Chase & Co. decreased their target price on Weyerhaeuser from $32.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, September 17th. Finally, DA Davidson restated a “buy” rating and set a $35.00 target price on shares of Weyerhaeuser in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Weyerhaeuser presently has an average rating of “Moderate Buy” and a consensus price target of $32.88.

Weyerhaeuser 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.