Aviva PLC Takes Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

Aviva PLC bought a new stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,649 shares of the company's stock, valued at approximately $2,650,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in West Fraser Timber during the fourth quarter worth about $35,000. Kestra Investment Management LLC bought a new stake in West Fraser Timber during the fourth quarter worth about $39,000. Signaturefd LLC raised its position in West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after purchasing an additional 198 shares during the last quarter. Quantinno Capital Management LP bought a new position in shares of West Fraser Timber in the third quarter valued at about $258,000. Finally, D.B. Root & Company LLC grew its stake in shares of West Fraser Timber by 24.0% during 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 last quarter. 40.23% of the stock is currently owned by institutional investors and hedge funds.

West Fraser Timber Stock Down 0.3 %

Shares of WFG stock traded down $0.26 during trading on Tuesday, reaching $74.30. 41,001 shares of the company's stock were exchanged, compared to its average volume of 176,206. The stock has a market capitalization of $5.74 billion, a PE ratio of -353.74 and a beta of 1.21. The firm's fifty day moving average price is $77.74 and its 200-day moving average price is $87.07. West Fraser Timber Co. Ltd. has a twelve month low of $69.48 and a twelve month high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates 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%. As a group, analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

West Fraser Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were given 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 1.72%. West Fraser Timber's dividend payout ratio is currently -609.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Scotiabank lowered their price target 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. TD Securities dropped 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. Finally, Raymond James reduced their price target 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $106.00.

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.