West Fraser Timber Co. Ltd. (NYSE:WFG - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $71.29 and last traded at $71.56, with a volume of 56339 shares. The stock had previously closed at $74.34.
Analyst Upgrades and Downgrades
WFG has been the subject of a number of recent research reports. TD Securities reduced their target price on shares of West Fraser Timber from $120.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, February 14th. 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. Finally, Scotiabank lowered their target price on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, February 18th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $106.00.
View Our Latest Stock Analysis on WFG
West Fraser Timber Price Performance
The stock has a market cap of $5.84 billion, a PE ratio of -360.05 and a beta of 1.21. The stock's fifty day moving average is $78.79 and its 200-day moving average is $87.79.
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 for the quarter, beating the consensus estimate 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%. On average, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.
West Fraser Timber Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.69%. West Fraser Timber's dividend payout ratio (DPR) is -609.52%.
Hedge Funds Weigh In On West Fraser Timber
Large investors have recently modified their holdings of the business. Pacifica Partners Inc. raised its holdings in West Fraser Timber by 10.6% in the 1st quarter. Pacifica Partners Inc. now owns 14,781 shares of the company's stock valued at $1,092,000 after buying an additional 1,415 shares during the period. GAMMA Investing LLC raised its stake in shares of West Fraser Timber by 7,588.9% in the 1st quarter. GAMMA Investing LLC now owns 692 shares of the company's stock valued at $53,000 after acquiring an additional 683 shares during the period. Comprehensive Money Management Services LLC acquired a new position in shares of West Fraser Timber in the 4th quarter worth approximately $339,000. Mackenzie Financial Corp boosted its position in shares of West Fraser Timber by 73.7% during the 4th quarter. Mackenzie Financial Corp now owns 304,826 shares of the company's stock worth $26,384,000 after purchasing an additional 129,378 shares during the period. Finally, Toronto Dominion Bank increased its holdings in West Fraser Timber by 76.8% in the 4th quarter. Toronto Dominion Bank now owns 35,110 shares of the company's stock valued at $3,039,000 after purchasing an additional 15,252 shares during the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.
About West Fraser Timber
(
Get 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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