UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 9.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,047 shares of the company's stock after selling 7,759 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.10% of West Fraser Timber worth $7,501,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in WFG. Signaturefd LLC grew its position in shares of West Fraser Timber by 60.0% in the 2nd quarter. Signaturefd LLC now owns 496 shares of the company's stock worth $38,000 after buying an additional 186 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in West Fraser Timber in the second quarter worth $44,000. US Bancorp DE increased its position in shares of West Fraser Timber by 82.9% during the third quarter. US Bancorp DE now owns 1,284 shares of the company's stock worth $125,000 after purchasing an additional 582 shares in the last quarter. D.B. Root & Company LLC purchased a new stake in shares of West Fraser Timber during the 3rd quarter valued at $223,000. Finally, Creative Planning boosted its position in shares of West Fraser Timber by 76.3% in the 2nd quarter. Creative Planning now owns 4,158 shares of the company's stock worth $320,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 40.23% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Scotiabank upped their target price on West Fraser Timber from $100.00 to $120.00 and gave the company a "sector outperform" rating in a research report on Friday, October 25th. 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. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $111.60.

West Fraser Timber Stock Down 1.0 %

Shares of WFG stock traded down $0.97 during mid-day trading on Tuesday, reaching $92.53. The stock had a trading volume of 212,448 shares, compared to its average volume of 157,637. West Fraser Timber Co. Ltd. has a 1-year low of $72.56 and a 1-year high of $102.40. The business's fifty day moving average is $95.53 and its 200-day moving average is $87.82.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.87). The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. During the same quarter last year, the company posted $1.81 EPS. Equities analysts expect that West Fraser Timber Co. Ltd. will post 0.95 earnings per share for the current year.

About West Fraser Timber

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.