Legal & General Group Plc lessened its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,835 shares of the company's stock after selling 116,444 shares during the quarter. Legal & General Group Plc owned approximately 0.33% of West Fraser Timber worth $21,982,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of West Fraser Timber in the 4th quarter valued at about $35,000. Kestra Investment Management LLC acquired a new position in West Fraser Timber in the fourth quarter valued at approximately $39,000. Signaturefd LLC boosted its stake in West Fraser Timber by 22.5% in the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after acquiring an additional 198 shares during the period. D.B. Root & Company LLC grew its holdings in shares of West Fraser Timber by 24.0% during the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock valued at $246,000 after purchasing an additional 549 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of West Fraser Timber by 4.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock worth $250,000 after purchasing an additional 120 shares during the period. Institutional investors own 40.23% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Scotiabank reduced their price objective on 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 lowered their price target on shares of West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, Raymond James dropped their price objective on shares of 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $106.00.
Get Our Latest Stock Report on West Fraser Timber
West Fraser Timber Stock Down 0.0 %
WFG stock traded down $0.03 during trading on Wednesday, reaching $73.28. 171,256 shares of the company's stock were exchanged, compared to its average volume of 176,722. West Fraser Timber Co. Ltd. has a 1-year low of $69.48 and a 1-year high of $102.40. The firm has a market cap of $5.66 billion, a PE ratio of -348.95 and a beta of 1.21. The company's fifty day moving average price is $77.49 and its 200-day moving average price is $86.98.
West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 4.45 earnings per share 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. Stockholders of record on Friday, March 14th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.75%. The ex-dividend date was Friday, March 14th. West Fraser Timber's dividend payout ratio (DPR) is presently -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.
Further Reading
Before you consider West Fraser Timber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and West Fraser Timber wasn't on the list.
While West Fraser Timber currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
