6,112 Shares in West Fraser Timber Co. Ltd. (NYSE:WFG) Acquired by Avanza Fonder AB

Avanza Fonder AB purchased a new stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,112 shares of the company's stock, valued at approximately $529,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Smead Capital Management Inc. raised its stake in shares of West Fraser Timber by 5.1% in the 3rd quarter. Smead Capital Management Inc. now owns 118,108 shares of the company's stock valued at $11,507,000 after acquiring an additional 5,743 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of West Fraser Timber during the second quarter worth about $1,862,000. Janus Henderson Group PLC boosted its position in shares of West Fraser Timber by 383.7% in the third quarter. Janus Henderson Group PLC now owns 74,814 shares of the company's stock worth $7,296,000 after buying an additional 59,347 shares during the period. Cerity Partners LLC grew its stake in shares of West Fraser Timber by 128.0% in the third quarter. Cerity Partners LLC now owns 247,400 shares of the company's stock valued at $24,087,000 after buying an additional 138,871 shares in the last quarter. Finally, Pacifica Partners Inc. raised its holdings in shares of West Fraser Timber by 816.2% during the 3rd quarter. Pacifica Partners Inc. now owns 13,386 shares of the company's stock valued at $1,306,000 after buying an additional 11,925 shares during the period. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on WFG. Scotiabank upped their price target on West Fraser Timber from $100.00 to $120.00 and gave the stock a "sector outperform" rating in a report on Friday, October 25th. BMO Capital Markets upped their target price on shares of West Fraser Timber from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, West Fraser Timber has a consensus rating of "Buy" and an average price target of $111.60.

West Fraser Timber Stock Up 1.5 %

Shares of WFG traded up $1.33 during trading on Monday, reaching $90.02. The company's stock had a trading volume of 203,999 shares, compared to its average volume of 115,939. The company has a fifty day moving average of $90.60 and a two-hundred day moving average of $89.70. The company has a market cap of $7.22 billion, a price-to-earnings ratio of -70.33 and a beta of 1.22. West Fraser Timber Co. Ltd. has a twelve month low of $73.91 and a twelve month high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.87). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. During the same period in the previous year, the firm posted $1.81 EPS. As a group, equities analysts forecast that West Fraser Timber Co. Ltd. will post 0.95 EPS for the current fiscal year.

West Fraser Timber Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, December 27th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from West Fraser Timber's previous quarterly dividend of $0.24. The ex-dividend date was Friday, December 27th. West Fraser Timber's payout ratio is -100.00%.

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.