Cubist Systematic Strategies LLC Takes Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

Cubist Systematic Strategies LLC acquired a new position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,197 shares of the company's stock, valued at approximately $1,662,000.

Several other large investors have also recently modified their holdings of WFG. Headlands Technologies LLC acquired a new stake in shares of West Fraser Timber during the fourth quarter worth $35,000. Kestra Investment Management LLC purchased a new position in West Fraser Timber in the 4th quarter worth $39,000. Signaturefd LLC lifted its position in West Fraser Timber by 22.5% during the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after acquiring an additional 198 shares during the period. Natixis lifted its position in West Fraser Timber by 61.8% during the 4th quarter. Natixis now owns 1,605 shares of the company's stock worth $139,000 after acquiring an additional 613 shares during the period. Finally, D.B. Root & Company LLC increased its holdings in shares of West Fraser Timber by 24.0% in the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock valued at $246,000 after purchasing an additional 549 shares during the period. Institutional investors own 40.23% of the company's stock.

West Fraser Timber Stock Up 0.6%

Shares of West Fraser Timber stock traded up $0.43 on Friday, reaching $74.94. The company's stock had a trading volume of 110,053 shares, compared to its average volume of 175,649. West Fraser Timber Co. Ltd. has a 52-week low of $69.48 and a 52-week high of $102.40. The company has a market capitalization of $5.78 billion, a P/E ratio of -356.86 and a beta of 1.21. The stock has a 50-day moving average price of $74.98 and a 200-day moving average price of $83.46.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.15). The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.53 billion. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. Sell-side analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Raymond James decreased their target price on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. TD Securities cut their price objective on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Scotiabank decreased 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 research report on Tuesday, February 18th. Finally, Royal Bank of Canada lowered their price target on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $100.40.

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.