West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 37.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,978 shares of the company's stock after acquiring an additional 5,686 shares during the period. Metis Global Partners LLC's holdings in West Fraser Timber were worth $2,044,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Park Place Capital Corp acquired a new stake in shares of West Fraser Timber during the 2nd quarter worth about $31,000. Signaturefd LLC lifted its position in shares of West Fraser Timber by 60.0% during 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 acquired a new position in shares of West Fraser Timber in the 2nd quarter valued at $44,000. UniSuper Management Pty Ltd boosted its holdings in shares of West Fraser Timber by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 800 shares of the company's stock valued at $69,000 after buying an additional 400 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of West Fraser Timber by 82.9% in 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 during the last quarter. 40.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WFG has been the subject of several research analyst reports. BMO Capital Markets upped 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 note on Tuesday, October 22nd. 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. Finally, Royal Bank of Canada lifted their price target on West Fraser Timber from $97.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $111.60.

West Fraser Timber Stock Performance

WFG stock traded down $0.80 during trading on Friday, hitting $91.88. The company had a trading volume of 114,642 shares, compared to its average volume of 167,900. The firm has a 50-day moving average price of $94.64 and a 200-day moving average price of $85.93. West Fraser Timber Co. Ltd. has a 1-year low of $72.35 and a 1-year high of $102.40.

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

West Fraser Timber Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 26th were given a $0.237 dividend. This represents a $0.95 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, September 26th. West Fraser Timber's payout ratio is -74.22%.

West Fraser Timber Company 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.