Jane Street Group LLC Has $2.57 Million Stock Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Jane Street Group LLC boosted its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 35.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,422 shares of the company's stock after purchasing an additional 6,891 shares during the period. Jane Street Group LLC's holdings in West Fraser Timber were worth $2,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WFG. Signaturefd LLC grew its stake in shares of West Fraser Timber by 60.0% in the second quarter. Signaturefd LLC now owns 496 shares of the company's stock valued at $38,000 after buying an additional 186 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in West Fraser Timber in the second quarter valued at $44,000. 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 acquiring an additional 582 shares during the period. D.B. Root & Company LLC acquired a new position in shares of West Fraser Timber during the 3rd quarter worth about $223,000. Finally, Quantinno Capital Management LP bought a new stake in shares of West Fraser Timber in the 3rd quarter valued at about $258,000. Institutional investors own 40.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on West Fraser Timber from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Scotiabank lifted their target price on West Fraser Timber from $100.00 to $120.00 and gave the stock a "sector outperform" rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $111.60.

West Fraser Timber Trading Up 1.8 %

Shares of NYSE:WFG traded up $1.50 during trading on Monday, reaching $87.08. 106,397 shares of the stock were exchanged, compared to its average volume of 157,549. West Fraser Timber Co. Ltd. has a 12 month low of $73.91 and a 12 month high of $102.40. The stock has a 50-day moving average price of $93.72 and a 200-day moving average price of $88.41. The firm has a market cap of $6.99 billion, a PE ratio of -68.03 and a beta of 1.19.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings results 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 the consensus estimate 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 quarter last year, the firm earned $1.81 earnings per share. On average, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 0.95 earnings per share for the current fiscal year.

West Fraser Timber Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, December 27th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.47%. This is a positive change from West Fraser Timber's previous quarterly dividend of $0.24. The ex-dividend date is Friday, December 27th. West Fraser Timber's dividend payout ratio (DPR) is currently -73.44%.

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.