Russell Investments Group Ltd. cut its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,663 shares of the company's stock after selling 13,124 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of West Fraser Timber worth $5,598,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of WFG. Atria Wealth Solutions Inc. grew its position 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 worth $250,000 after buying an additional 120 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of West Fraser Timber by 4.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company's stock worth $260,000 after purchasing an additional 121 shares during the last quarter. Signaturefd LLC raised 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 purchasing an additional 198 shares in the last quarter. Principal Financial Group Inc. grew its stake in West Fraser Timber by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 12,202 shares of the company's stock worth $1,057,000 after buying an additional 228 shares in the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of West Fraser Timber by 5.7% in the 4th quarter. Inspire Advisors LLC now owns 4,491 shares of the company's stock worth $389,000 after buying an additional 244 shares during the last quarter. 40.23% of the stock is currently owned by hedge funds and other institutional investors.
West Fraser Timber Stock Performance
Shares of WFG stock traded up $0.02 during trading hours on Friday, reaching $73.31. The company had a trading volume of 110,285 shares, compared to its average volume of 176,376. The firm has a market cap of $5.67 billion, a PE ratio of -349.08 and a beta of 1.21. The business has a fifty day moving average price of $76.99 and a 200-day moving average price of $86.72. West Fraser Timber Co. Ltd. has a one year low of $69.48 and a one 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 earnings per share (EPS) for the quarter, topping 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 forecast that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.
West Fraser Timber Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.75%. West Fraser Timber's payout ratio is presently -609.52%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on WFG shares. Raymond James cut their target price on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. TD Securities lowered their target price on West Fraser Timber from $110.00 to $99.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Scotiabank lowered 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, West Fraser Timber has a consensus rating of "Buy" and an average price target of $103.80.
Read Our Latest Analysis on WFG
West Fraser Timber Company 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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