Swiss National Bank lowered its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,638 shares of the company's stock after selling 8,400 shares during the period. Swiss National Bank owned approximately 0.20% of West Fraser Timber worth $13,739,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in West Fraser Timber by 60.7% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,247 shares of the company's stock valued at $27,453,000 after purchasing an additional 119,841 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of West Fraser Timber by 4.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company's stock worth $260,000 after acquiring an additional 121 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of West Fraser Timber by 10.2% during the 4th quarter. Moors & Cabot Inc. now owns 4,870 shares of the company's stock worth $422,000 after acquiring an additional 450 shares during the period. Inspire Advisors LLC lifted its holdings in shares of West Fraser Timber by 5.7% during the 4th quarter. Inspire Advisors LLC now owns 4,491 shares of the company's stock worth $389,000 after acquiring an additional 244 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of West Fraser Timber during the 4th quarter worth approximately $487,000. Institutional investors own 40.23% of the company's stock.
West Fraser Timber Trading Down 0.9 %
NYSE:WFG traded down $0.69 on Friday, hitting $76.26. The company had a trading volume of 161,210 shares, compared to its average volume of 170,232. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of -363.12 and a beta of 1.23. The firm has a 50 day moving average of $82.44 and a two-hundred day moving average of $89.13. West Fraser Timber Co. Ltd. has a 52 week low of $73.91 and a 52 week high of $102.40.
West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating 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, equities analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.
West Fraser Timber Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, March 14th. West Fraser Timber's dividend payout ratio (DPR) is currently -609.52%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Raymond James cut their price target on shares of West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. TD Securities cut 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 report on Friday, February 14th. Finally, 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 report on Tuesday, February 18th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $106.00.
Check Out Our Latest Report on West Fraser Timber
About West Fraser Timber
(
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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