Amundi Purchases 44,954 Shares of West Fraser Timber Co. Ltd. $WFG

Amundi boosted its position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 22.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 241,529 shares of the company's stock after acquiring an additional 44,954 shares during the quarter. Amundi owned 0.31% of West Fraser Timber worth $17,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in West Fraser Timber in the fourth quarter valued at $52,000. GAMMA Investing LLC grew its stake in shares of West Fraser Timber by 7,588.9% during the first quarter. GAMMA Investing LLC now owns 692 shares of the company's stock valued at $53,000 after buying an additional 683 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of West Fraser Timber by 6.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock valued at $216,000 after buying an additional 181 shares during the last quarter. Gulf International Bank UK Ltd grew its stake in shares of West Fraser Timber by 1,396.5% during the first quarter. Gulf International Bank UK Ltd now owns 2,993 shares of the company's stock valued at $230,000 after buying an additional 2,793 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of West Fraser Timber during the first quarter valued at about $251,000. Institutional investors own 40.23% of the company's stock.

Wall Street Analyst Weigh In

WFG has been the topic of a number of recent research reports. Wall Street Zen cut West Fraser Timber from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. TD Securities cut their target price on West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Finally, Raymond James Financial reissued a "market perform" rating on shares of West Fraser Timber in a research note on Monday, July 21st. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $100.00.

West Fraser Timber Stock Down 1.6%

WFG traded down $1.24 on Friday, hitting $75.49. The company had a trading volume of 142,285 shares, compared to its average volume of 254,469. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 1.61. West Fraser Timber Co. Ltd. has a 52-week low of $68.63 and a 52-week high of $102.40. The stock has a fifty day simple moving average of $73.38 and a 200-day simple moving average of $74.48. The firm has a market capitalization of $5.78 billion, a P/E ratio of -43.14 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.36 by ($0.74). West Fraser Timber had a negative return on equity of 0.85% and a negative net margin of 2.18%.The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.61 billion. As a group, equities 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 will be paid on Tuesday, October 14th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, September 25th. West Fraser Timber's dividend payout ratio (DPR) is presently -73.14%.

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.