Cerity Partners LLC Purchases 138,871 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Cerity Partners LLC grew its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 128.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 247,400 shares of the company's stock after buying an additional 138,871 shares during the quarter. Cerity Partners LLC owned approximately 0.31% of West Fraser Timber worth $24,087,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Toronto Dominion Bank raised its stake in West Fraser Timber by 0.4% during the 2nd quarter. Toronto Dominion Bank now owns 30,040 shares of the company's stock worth $2,309,000 after acquiring an additional 125 shares during the period. Moors & Cabot Inc. lifted its stake in shares of West Fraser Timber by 3.5% during the 3rd quarter. Moors & Cabot Inc. now owns 4,420 shares of the company's stock valued at $430,000 after buying an additional 150 shares in the last quarter. Signaturefd LLC boosted its holdings in West Fraser Timber by 60.0% in the 2nd quarter. Signaturefd LLC now owns 496 shares of the company's stock worth $38,000 after buying an additional 186 shares during the period. Inspire Advisors LLC increased its stake in West Fraser Timber by 4.3% in the 2nd quarter. Inspire Advisors LLC now owns 4,592 shares of the company's stock worth $353,000 after buying an additional 189 shares in the last quarter. Finally, CIBC Asset Management Inc raised its holdings in West Fraser Timber by 0.4% during the third quarter. CIBC Asset Management Inc now owns 71,471 shares of the company's stock valued at $6,966,000 after acquiring an additional 311 shares during the period. 40.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

West Fraser Timber Stock Up 5.3 %

NYSE WFG traded up $4.98 during trading on Monday, hitting $99.44. 200,414 shares of the stock traded hands, compared to its average volume of 158,945. The company has a market capitalization of $7.98 billion, a P/E ratio of -76.52 and a beta of 1.18. West Fraser Timber Co. Ltd. has a 12-month low of $72.35 and a 12-month high of $102.40. The firm has a 50-day simple moving average of $95.21 and a 200-day simple moving average of $86.60.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly 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). West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm posted $1.81 EPS. As a group, research analysts predict that West Fraser Timber Co. Ltd. will post 0.95 EPS for the current fiscal year.

West Fraser Timber Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 26th were given a $0.237 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.95 annualized dividend and a yield of 0.95%. West Fraser Timber's dividend payout ratio is currently -74.22%.

West Fraser Timber 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.