Galibier Capital Management Ltd. Has $13.73 Million Stock Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Galibier Capital Management Ltd. lessened its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,544 shares of the company's stock after selling 50,879 shares during the quarter. West Fraser Timber makes up approximately 3.9% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 14th largest position. Galibier Capital Management Ltd. owned approximately 0.20% of West Fraser Timber worth $13,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smead Capital Management Inc. lifted its position in West Fraser Timber by 5.1% during the third quarter. Smead Capital Management Inc. now owns 118,108 shares of the company's stock worth $11,507,000 after acquiring an additional 5,743 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in West Fraser Timber in the 2nd quarter worth about $1,862,000. Janus Henderson Group PLC raised its stake in West Fraser Timber by 383.7% in the 3rd quarter. Janus Henderson Group PLC now owns 74,814 shares of the company's stock worth $7,296,000 after purchasing an additional 59,347 shares in the last quarter. Cerity Partners LLC boosted its holdings in West Fraser Timber by 128.0% in the 3rd quarter. Cerity Partners LLC now owns 247,400 shares of the company's stock valued at $24,087,000 after purchasing an additional 138,871 shares during the period. Finally, Pacifica Partners Inc. increased its holdings in shares of West Fraser Timber by 816.2% during the third quarter. Pacifica Partners Inc. now owns 13,386 shares of the company's stock worth $1,306,000 after purchasing an additional 11,925 shares during the period. Institutional investors own 40.23% of the company's stock.

West Fraser Timber Stock Up 1.5 %

NYSE WFG traded up $1.33 on Friday, hitting $90.02. 203,999 shares of the company's stock were exchanged, compared to its average volume of 115,939. West Fraser Timber Co. Ltd. has a 52 week low of $73.91 and a 52 week high of $102.40. The stock has a 50-day moving average of $90.60 and a 200-day moving average of $89.60.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. During the same period last year, the business earned $1.81 earnings per share. Equities analysts expect that West Fraser Timber Co. Ltd. will post 0.95 earnings per share for the current fiscal year.

West Fraser Timber Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, December 27th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.42%. This is a boost from West Fraser Timber's previous quarterly dividend of $0.24. The ex-dividend date was Friday, December 27th. West Fraser Timber's dividend payout ratio is currently -100.00%.

Wall Street Analyst Weigh In

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

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.