West Fraser Timber (NYSE:WFG) Hits New 1-Year Low - Time to Sell?

West Fraser Timber Co. Ltd. (NYSE:WFG - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $69.48 and last traded at $75.61, with a volume of 416232 shares. The stock had previously closed at $70.90.

Wall Street Analyst Weigh In

WFG has been the topic of several recent research reports. TD Securities decreased their target price on shares of 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. Raymond James decreased their price objective on West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank dropped their target price on 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $106.00.

West Fraser Timber Trading Down 0.6 %

The company has a market capitalization of $5.73 billion, a PE ratio of -352.86 and a beta of 1.21. The stock's 50-day moving average is $77.74 and its two-hundred day moving average is $87.07.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping 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%. On average, equities research analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

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West Fraser Timber Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, March 14th. West Fraser Timber's dividend payout ratio is currently -609.52%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WFG. FIL Ltd increased its position in shares of West Fraser Timber by 35.5% during the fourth quarter. FIL Ltd now owns 5,041,873 shares of the company's stock worth $436,861,000 after acquiring an additional 1,319,843 shares during the period. Royal Bank of Canada increased its holdings in West Fraser Timber by 0.3% during the 4th quarter. Royal Bank of Canada now owns 2,980,619 shares of the company's stock worth $257,974,000 after purchasing an additional 8,760 shares during the period. Vanguard Group Inc. increased its holdings in West Fraser Timber by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 2,846,663 shares of the company's stock worth $246,652,000 after purchasing an additional 12,874 shares during the period. Price T Rowe Associates Inc. MD raised its position in West Fraser Timber by 56.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,162,049 shares of the company's stock valued at $187,126,000 after purchasing an additional 780,313 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of West Fraser Timber in the 4th quarter worth $81,605,000. Hedge funds and other institutional investors own 40.23% of the company's stock.

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.