Dimensional Fund Advisors LP raised its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,435 shares of the company's stock after purchasing an additional 14,189 shares during the period. Dimensional Fund Advisors LP owned 0.18% of West Fraser Timber worth $11,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in West Fraser Timber in the fourth quarter worth about $35,000. Kestra Investment Management LLC purchased a new position in West Fraser Timber during the fourth quarter valued at approximately $39,000. Signaturefd LLC raised its position in West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after acquiring an additional 198 shares in the last quarter. D.B. Root & Company LLC increased its position 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 buying an additional 549 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of West Fraser Timber by 4.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock valued at $250,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 40.23% of the company's stock.
West Fraser Timber Price Performance
West Fraser Timber stock traded up $1.23 during mid-day trading on Monday, hitting $75.77. 241,911 shares of the company were exchanged, compared to its average volume of 174,864. The company has a market capitalization of $5.85 billion, a P/E ratio of -360.81 and a beta of 1.21. West Fraser Timber Co. Ltd. has a 12-month low of $69.48 and a 12-month high of $102.40. The business's 50 day simple moving average is $75.15 and its two-hundred day simple moving average is $83.74.
West Fraser Timber (NYSE:WFG - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.53 billion. Equities research analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current 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 paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, March 14th. West Fraser Timber's payout ratio is currently -752.94%.
Analysts Set New Price Targets
A number of research firms have weighed in on WFG. TD Securities lowered their price objective on 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. Royal Bank of Canada dropped their price objective on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Scotiabank dropped their price target on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, February 18th. Finally, Raymond James decreased their price objective on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $100.40.
Check Out Our Latest Stock Analysis on West Fraser Timber
West Fraser Timber Profile
(
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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