Amundi lessened its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,575 shares of the company's stock after selling 23,924 shares during the period. Amundi owned 0.25% of West Fraser Timber worth $16,770,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of WFG. Raymond James Financial Inc. acquired a new stake in shares of West Fraser Timber in the 4th quarter valued at $487,000. Aigen Investment Management LP bought a new stake in West Fraser Timber during the 4th quarter worth about $834,000. Tacita Capital Inc acquired a new position in West Fraser Timber during the 4th quarter valued at about $412,000. Metis Global Partners LLC lifted its position in West Fraser Timber by 9.0% during the 4th quarter. Metis Global Partners LLC now owns 22,876 shares of the company's stock valued at $1,982,000 after purchasing an additional 1,898 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of West Fraser Timber by 22.3% during the 4th quarter. Bank of New York Mellon Corp now owns 59,526 shares of the company's stock worth $5,152,000 after buying an additional 10,841 shares during the period. Institutional investors and hedge funds own 40.23% of the company's stock.
West Fraser Timber Stock Up 0.2 %
Shares of WFG traded up $0.15 during trading hours on Friday, reaching $76.45. The stock had a trading volume of 172,889 shares, compared to its average volume of 169,699. The firm has a 50-day moving average of $83.37 and a 200 day moving average of $89.51. The company has a market cap of $5.91 billion, a P/E ratio of -364.03 and a beta of 1.23. West Fraser Timber Co. Ltd. has a 52 week low of $73.91 and a 52 week high of $102.40.
West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities analysts expect that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.
West Fraser Timber Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, March 14th. West Fraser Timber's payout ratio is -609.52%.
Analyst Upgrades and Downgrades
A number of analysts have commented on WFG shares. Scotiabank lowered their target price 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. Raymond James reduced their price target on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, TD Securities dropped their price objective on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, West Fraser Timber has an average rating of "Buy" and an average target price of $106.00.
Read Our Latest Analysis on WFG
About West Fraser Timber
(
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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