CANADA LIFE ASSURANCE Co grew its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,232 shares of the company's stock after buying an additional 7,029 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.11% of West Fraser Timber worth $6,905,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in WFG. Headlands Technologies LLC acquired a new position in West Fraser Timber in the 4th quarter worth $35,000. Kestra Investment Management LLC bought a new stake in shares of West Fraser Timber in the fourth quarter valued at about $39,000. Signaturefd LLC boosted its position in shares of West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after buying an additional 198 shares during the period. D.B. Root & Company LLC grew its holdings in shares of West Fraser Timber by 24.0% during the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock worth $246,000 after buying an additional 549 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in West Fraser Timber by 4.3% in 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 during the last quarter. Institutional investors own 40.23% of the company's stock.
West Fraser Timber Trading Up 2.6 %
Shares of West Fraser Timber stock opened at $74.38 on Wednesday. The firm has a market capitalization of $5.74 billion, a PE ratio of -354.20 and a beta of 1.21. The firm's 50 day moving average is $76.41 and its 200 day moving average is $86.13. West Fraser Timber Co. Ltd. has a 1 year low of $69.48 and a 1 year high of $102.40.
West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.15). West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. As a group, research analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.
West Fraser Timber Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, March 14th. West Fraser Timber's payout ratio is -609.52%.
Wall Street Analyst Weigh In
WFG has been the subject of a number of recent research reports. TD Securities reduced their price target on West Fraser Timber from $110.00 to $99.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada cut their price objective on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday. Raymond James reduced their price target on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Scotiabank decreased their price objective on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, West Fraser Timber has an average rating of "Buy" and a consensus target price of $100.60.
View Our Latest Research 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.
See Also
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