Korea Investment CORP grew its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,415 shares of the company's stock after buying an additional 13,800 shares during the period. Korea Investment CORP owned 0.08% of West Fraser Timber worth $5,059,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. FMR LLC raised its position in West Fraser Timber by 22.5% during the third quarter. FMR LLC now owns 1,447,823 shares of the company's stock valued at $141,047,000 after purchasing an additional 266,298 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 worth $27,453,000 after buying an additional 119,841 shares during the period. Manning & Napier Advisors LLC increased its stake in shares of West Fraser Timber by 14.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company's stock valued at $73,830,000 after buying an additional 109,447 shares during the period. Alberta Investment Management Corp grew its holdings in West Fraser Timber by 58.7% during the 4th quarter. Alberta Investment Management Corp now owns 293,903 shares of the company's stock worth $25,452,000 after acquiring an additional 108,670 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in West Fraser Timber by 383.7% in the third quarter. Janus Henderson Group PLC now owns 74,814 shares of the company's stock worth $7,296,000 after buying an additional 59,347 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have commented on WFG. TD Securities decreased their price target on West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Scotiabank cut their target price 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. Finally, Raymond James cut their price objective 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 investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $106.00.
Check Out Our Latest Stock Analysis on WFG
West Fraser Timber Stock Performance
Shares of NYSE WFG traded down $0.82 during mid-day trading on Friday, reaching $73.52. 370,922 shares of the company's stock were exchanged, compared to its average volume of 173,412. West Fraser Timber Co. Ltd. has a 52-week low of $71.17 and a 52-week high of $102.40. The company's 50-day moving average is $79.87 and its 200-day moving average is $88.29. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -350.10 and a beta of 1.21.
West Fraser Timber (NYSE:WFG - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. As a group, equities analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.
West Fraser Timber Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Friday, March 14th. West Fraser Timber's dividend payout ratio (DPR) is -609.52%.
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.
Featured Articles
Before you consider West Fraser Timber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and West Fraser Timber wasn't on the list.
While West Fraser Timber currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
