Cerity Partners LLC lessened its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,027 shares of the company's stock after selling 102,373 shares during the quarter. Cerity Partners LLC owned about 0.19% of West Fraser Timber worth $12,552,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC bought a new position in West Fraser Timber during the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in shares of West Fraser Timber during the fourth quarter valued at $39,000. Signaturefd LLC raised its position in shares of West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after purchasing an additional 198 shares during the last quarter. D.B. Root & Company LLC raised its holdings in West Fraser Timber by 24.0% in 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 during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake 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 worth $250,000 after buying an additional 120 shares in the last quarter. Institutional investors own 40.23% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on WFG shares. Scotiabank reduced their price target on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating for the company in a research report on Tuesday, February 18th. TD Securities decreased their price target on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Finally, Raymond James lowered their price target on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, West Fraser Timber currently has a consensus rating of "Buy" and an average price target of $106.00.
Read Our Latest Stock Analysis on West Fraser Timber
West Fraser Timber Trading Down 0.5 %
WFG stock traded down $0.37 during trading on Tuesday, reaching $74.19. The stock had a trading volume of 44,609 shares, compared to its average volume of 176,224. The firm has a market cap of $5.73 billion, a PE ratio of -353.40 and a beta of 1.21. The stock's 50 day moving average is $77.74 and its two-hundred day moving average is $87.07. West Fraser Timber Co. Ltd. has a 52 week low of $69.48 and a 52 week high of $102.40.
West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping 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, research analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.
West Fraser Timber Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 14th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.73%. West Fraser Timber's dividend payout ratio (DPR) is presently -609.52%.
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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