4,766 Shares in West Fraser Timber Co. Ltd. (NYSE:WFG) Bought by Tacita Capital Inc

Tacita Capital Inc purchased a new position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,766 shares of the company's stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WFG. Kestra Investment Management LLC purchased a new stake in shares of West Fraser Timber in the fourth quarter valued at about $39,000. US Bancorp DE raised its position in West Fraser Timber by 82.9% during the third quarter. US Bancorp DE now owns 1,284 shares of the company's stock worth $125,000 after acquiring an additional 582 shares during the last quarter. D.B. Root & Company LLC acquired a new position in West Fraser Timber during the third quarter worth about $223,000. Quantinno Capital Management LP acquired a new position in West Fraser Timber during the third quarter worth about $258,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of West Fraser Timber by 4.3% in the fourth 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 during the last quarter. 40.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WFG shares. TD Securities cut their price objective on shares of West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Scotiabank decreased 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 research note on Tuesday, February 18th. Finally, Raymond James decreased their price objective on shares of West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $106.00.

West Fraser Timber Price Performance

WFG opened at $76.45 on Tuesday. The stock has a market capitalization of $5.91 billion, a PE ratio of -364.05 and a beta of 1.22. The firm's fifty day moving average price is $85.19 and its 200 day moving average price is $90.18. West Fraser Timber Co. Ltd. has a 12-month low of $73.91 and a 12-month high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. On average, equities research analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. West Fraser Timber's dividend payout ratio (DPR) is -609.52%.

West Fraser Timber Company Profile

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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