FY2025 Earnings Forecast for WFG Issued By Raymond James

West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) - Raymond James decreased their FY2025 earnings estimates for shares of West Fraser Timber in a research note issued to investors on Monday, February 3rd. Raymond James analyst D. Swetlishoff now forecasts that the company will post earnings of $4.82 per share for the year, down from their prior forecast of $5.08. The consensus estimate for West Fraser Timber's current full-year earnings is $1.59 per share.

Several other equities analysts also recently weighed in on WFG. BMO Capital Markets boosted their target price on West Fraser Timber from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Scotiabank dropped their price target on shares of West Fraser Timber from $120.00 to $109.00 and set a "sector outperform" rating for the company in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $111.40.

West Fraser Timber Stock Down 0.6 %

NYSE WFG traded down $0.48 during trading hours on Wednesday, hitting $85.37. 133,627 shares of the company were exchanged, compared to its average volume of 169,923. West Fraser Timber has a 52 week low of $73.91 and a 52 week high of $102.40. The stock has a 50-day moving average price of $88.57 and a 200 day moving average price of $90.66. The stock has a market cap of $6.63 billion, a PE ratio of -66.69 and a beta of 1.22.

Institutional Investors Weigh In On West Fraser Timber

Institutional investors and hedge funds have recently bought and sold shares of the company. Smead Capital Management Inc. lifted its position 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 worth $11,507,000 after purchasing an additional 5,743 shares during the period. Janus Henderson Group PLC lifted its holdings in West Fraser Timber by 383.7% during 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 boosted its position in West Fraser Timber by 128.0% during the 3rd quarter. Cerity Partners LLC now owns 247,400 shares of the company's stock valued at $24,087,000 after acquiring an additional 138,871 shares in the last quarter. Pacifica Partners Inc. increased its holdings in shares of West Fraser Timber by 816.2% in the 3rd quarter. Pacifica Partners Inc. now owns 13,386 shares of the company's stock valued at $1,306,000 after acquiring an additional 11,925 shares during the period. Finally, Manning & Napier Advisors LLC raised its position in shares of West Fraser Timber by 14.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company's stock worth $73,830,000 after acquiring an additional 109,447 shares in the last quarter. 40.23% of the stock is owned by institutional investors.

West Fraser Timber Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, December 27th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, December 27th. This is a positive change from West Fraser Timber's previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.50%. West Fraser Timber's dividend payout ratio (DPR) is -100.00%.

About West Fraser Timber

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.