JPMorgan Chase & Co. lessened its position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 242,950 shares of the company's stock after selling 4,001 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of West Fraser Timber worth $21,027,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in WFG. Kestra Investment Management LLC bought a new position in shares of West Fraser Timber during the 4th quarter valued at approximately $39,000. Signaturefd LLC raised its stake in shares of West Fraser Timber by 22.5% during the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after purchasing an additional 198 shares during the period. D.B. Root & Company LLC boosted its position in shares of 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 valued at $246,000 after acquiring an additional 549 shares during the period. Atria Wealth Solutions Inc. grew its stake in West Fraser Timber by 4.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock valued at $250,000 after acquiring an additional 120 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in West Fraser Timber in the 3rd quarter worth approximately $258,000. Institutional investors and hedge funds own 40.23% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on WFG. Raymond James lowered their price objective on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Scotiabank cut 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 note on Tuesday, February 18th. Finally, TD Securities lowered their price target on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, West Fraser Timber has a consensus rating of "Buy" and an average target price of $106.00.
Get Our Latest Stock Analysis on WFG
West Fraser Timber Stock Performance
Shares of NYSE WFG traded up $0.14 during mid-day trading on Wednesday, hitting $73.45. The stock had a trading volume of 16,930 shares, compared to its average volume of 176,127. The firm has a market cap of $5.68 billion, a P/E ratio of -349.98 and a beta of 1.21. The business has a 50 day moving average price of $77.49 and a two-hundred day moving average price of $86.98. 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 released its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. Equities research analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.
West Fraser Timber Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 14th. West Fraser Timber's payout ratio is currently -609.52%.
West Fraser Timber Profile
(
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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