West Fraser Timber (NYSE:WFG) Price Target Lowered to $105.00 at Raymond James

West Fraser Timber (NYSE:WFG - Free Report) had its price objective lowered by Raymond James from $115.00 to $105.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on WFG. Scotiabank reduced their price objective on West Fraser Timber from $120.00 to $109.00 and set a "sector outperform" rating for the company in a research report on Monday, February 3rd. 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 research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $107.80.

West Fraser Timber Price Performance

NYSE:WFG traded down $0.62 during mid-day trading on Thursday, reaching $79.96. 274,468 shares of the company's stock traded hands, compared to its average volume of 169,923. West Fraser Timber has a 12-month low of $73.91 and a 12-month high of $102.40. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of -62.47 and a beta of 1.22. The company has a 50 day moving average price of $87.40 and a 200-day moving average price of $90.68.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. As a group, analysts forecast that West Fraser Timber will post 1.59 EPS for the current year.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Friday, March 14th. West Fraser Timber's payout ratio is currently -100.00%.

Institutional Trading of West Fraser Timber

Several large investors have recently added to or reduced their stakes in WFG. Headlands Technologies LLC purchased a new position in shares of West Fraser Timber during the 4th quarter worth $35,000. Kestra Investment Management LLC purchased a new position in West Fraser Timber during the fourth quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in West Fraser Timber during the fourth quarter valued at about $52,000. Signaturefd LLC grew its stake in shares of West Fraser Timber by 77.4% during the 3rd quarter. Signaturefd LLC now owns 880 shares of the company's stock valued at $86,000 after acquiring an additional 384 shares during the period. Finally, US Bancorp DE lifted its holdings in West Fraser Timber by 82.9% during the third quarter. US Bancorp DE now owns 1,284 shares of the company's stock valued at $125,000 after purchasing an additional 582 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors.

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.