Sycomore Asset Management Makes New $596,000 Investment in West Fraser Timber Co. Ltd. (NYSE:WFG)

Sycomore Asset Management bought a new stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,500 shares of the company's stock, valued at approximately $596,000.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in 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 buying an additional 384 shares in the last quarter. US Bancorp DE increased its position in West Fraser Timber by 82.9% during the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company's stock valued at $125,000 after buying an additional 582 shares in the last quarter. D.B. Root & Company LLC acquired a new position in West Fraser Timber during the 3rd quarter valued at about $223,000. Quantinno Capital Management LP purchased a new stake in West Fraser Timber during the 3rd quarter valued at about $258,000. Finally, Creative Planning grew its stake in West Fraser Timber by 76.3% during the 2nd quarter. Creative Planning now owns 4,158 shares of the company's stock valued at $320,000 after purchasing an additional 1,800 shares during the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. BMO Capital Markets boosted their price target on West Fraser Timber from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, October 22nd. Raymond James dropped their price target on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Scotiabank dropped their price target on West Fraser Timber from $120.00 to $109.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $109.40.

West Fraser Timber Stock Down 4.0 %

Shares of WFG traded down $3.34 during mid-day trading on Thursday, reaching $80.45. The company had a trading volume of 392,571 shares, compared to its average volume of 179,520. West Fraser Timber Co. Ltd. has a 52-week low of $73.91 and a 52-week high of $102.40. The stock has a market capitalization of $6.25 billion, a P/E ratio of -62.85 and a beta of 1.22. The stock has a 50 day moving average of $87.68 and a two-hundred day moving average of $90.69.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. On average, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 1.59 earnings per share 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. Shareholders of record on Friday, March 14th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.59%. West Fraser Timber's dividend payout ratio is currently -100.00%.

West Fraser Timber 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.