Sava Infond d.o.o. acquired a new position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,700 shares of the company's stock, valued at approximately $407,000.
Several other institutional investors and hedge funds have also recently modified their holdings of WFG. Kestra Investment Management LLC purchased a new stake in West Fraser Timber in the 4th quarter worth $39,000. Signaturefd LLC raised its stake in West Fraser Timber by 22.5% during the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after purchasing an additional 198 shares during the period. Quantinno Capital Management LP purchased a new position in West Fraser Timber in the 3rd quarter worth approximately $258,000. D.B. Root & Company LLC boosted its stake in West Fraser Timber by 24.0% in the 4th quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock worth $246,000 after purchasing an additional 549 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in West Fraser Timber by 4.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock valued at $250,000 after buying an additional 120 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors.
West Fraser Timber Stock Up 2.2 %
WFG traded up $1.73 on Tuesday, hitting $78.67. The company had a trading volume of 104,213 shares, compared to its average volume of 172,436. The business's fifty day simple moving average is $81.10 and its 200 day simple moving average is $88.71. West Fraser Timber Co. Ltd. has a 12-month low of $73.91 and a 12-month high of $102.40. The company has a market cap of $6.08 billion, a PE ratio of -374.04 and a beta of 1.23.
West Fraser Timber (NYSE:WFG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. On average, analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.
West Fraser Timber Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 14th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.63%. West Fraser Timber's dividend payout ratio is presently -609.52%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on WFG. Raymond James dropped their target price on shares of West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Scotiabank dropped their price objective on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating for the company in a report on Tuesday, February 18th. Finally, TD Securities decreased their target price on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $106.00.
Get Our Latest Stock Report on WFG
West Fraser Timber Company Profile
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Free Report)
West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.
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