Deutsche Bank AG Has $30.40 Million Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Deutsche Bank AG raised its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 202.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,101 shares of the company's stock after buying an additional 264,322 shares during the period. Deutsche Bank AG owned 0.51% of West Fraser Timber worth $30,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Royal Bank of Canada grew its stake in West Fraser Timber by 0.3% in the 4th quarter. Royal Bank of Canada now owns 2,980,619 shares of the company's stock valued at $257,974,000 after buying an additional 8,760 shares during the last quarter. Vanguard Group Inc. grew its stake in West Fraser Timber by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,876,409 shares of the company's stock valued at $220,931,000 after buying an additional 29,746 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in West Fraser Timber by 56.5% in 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 buying an additional 780,313 shares during the last quarter. Manning & Napier Advisors LLC grew its stake in West Fraser Timber by 2.7% in the 1st quarter. Manning & Napier Advisors LLC now owns 875,815 shares of the company's stock valued at $67,385,000 after buying an additional 22,777 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in West Fraser Timber by 1.2% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 639,803 shares of the company's stock valued at $55,375,000 after buying an additional 7,712 shares during the last quarter. 40.23% of the stock is currently owned by institutional investors and hedge funds.

West Fraser Timber Stock Performance

NYSE WFG traded down $1.13 on Thursday, hitting $74.92. 204,989 shares of the stock were exchanged, compared to its average volume of 246,321. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 1.61. The business's fifty day moving average is $73.88 and its 200 day moving average is $75.85. West Fraser Timber Co. Ltd. has a 52 week low of $68.63 and a 52 week high of $102.40. The company has a market capitalization of $5.75 billion, a PE ratio of -42.81 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings results 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 net margin of 2.18% and a negative return on equity of 0.85%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.61 billion. Research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Thursday, June 26th were paid a $0.32 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. West Fraser Timber's dividend payout ratio is -73.14%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. TD Securities lowered their target price on shares of 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. Royal Bank Of Canada lowered their target price on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James Financial restated a "market perform" rating on shares of West Fraser Timber in a research report on Monday, July 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $100.00.

About West Fraser Timber

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.