Thrivent Financial for Lutherans trimmed its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 926,256 shares of the company's stock after selling 12,823 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.19% of West Fraser Timber worth $80,168,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC boosted its position in West Fraser Timber by 18.7% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 281,367 shares of the company's stock worth $24,352,000 after acquiring an additional 44,424 shares during the last quarter. Signaturefd LLC increased its position in shares of West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after acquiring an additional 198 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in West Fraser Timber by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,964 shares of the company's stock worth $343,000 after acquiring an additional 555 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of West Fraser Timber by 6.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 9,744 shares of the company's stock worth $839,000 after purchasing an additional 580 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in West Fraser Timber by 60.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,247 shares of the company's stock valued at $27,453,000 after buying an additional 119,841 shares during the last quarter. 40.23% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on WFG. 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. TD Securities lowered their price target on 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, Raymond James cut 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $106.00.
Get Our Latest Stock Report on West Fraser Timber
West Fraser Timber Stock Down 0.9 %
WFG traded down $0.69 during trading on Friday, hitting $76.26. 161,210 shares of the stock were exchanged, compared to its average volume of 170,232. The stock has a fifty day moving average price of $82.44 and a two-hundred day moving average price of $89.13. The firm has a market capitalization of $6.08 billion, a P/E ratio of -363.12 and a beta of 1.23. West Fraser Timber Co. Ltd. has a 1-year low of $73.91 and a 1-year 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 earnings per share (EPS) 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%. Analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.
West Fraser Timber Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be paid a dividend of $0.32 per share. 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 is presently -609.52%.
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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