FIL Ltd boosted its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 35.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,041,873 shares of the company's stock after buying an additional 1,319,843 shares during the period. FIL Ltd owned 6.49% of West Fraser Timber worth $436,861,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its stake in West Fraser Timber by 4.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock worth $250,000 after purchasing an additional 120 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of West Fraser Timber by 4.2% during the fourth 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 last quarter. Signaturefd LLC grew its stake in West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after acquiring an additional 198 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 valued at $1,057,000 after acquiring an additional 228 shares during the last quarter. Finally, Inspire Advisors LLC boosted 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 valued at $389,000 after purchasing an additional 244 shares during the last quarter. 40.23% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently commented on WFG shares. Scotiabank decreased their target price on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, February 18th. TD Securities decreased their price objective on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Finally, Raymond James lowered their target price 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $106.00.
Read Our Latest Research Report on WFG
West Fraser Timber Stock Up 1.5 %
Shares of West Fraser Timber stock traded up $1.09 during trading on Friday, reaching $75.36. The company's stock had a trading volume of 170,400 shares, compared to its average volume of 176,301. The company has a 50-day simple moving average of $77.94 and a two-hundred day simple moving average of $87.23. West Fraser Timber Co. Ltd. has a 1-year low of $69.48 and a 1-year high of $102.40. The company has a market cap of $5.83 billion, a price-to-earnings ratio of -358.85 and a beta of 1.21.
West Fraser Timber (NYSE:WFG - Get Free Report) last posted 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 negative net margin of 0.08% and a positive return on equity of 0.88%. As a group, analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Friday, March 14th. West Fraser Timber's dividend payout ratio is presently -609.52%.
West Fraser Timber 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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