West Fraser Timber Co. Ltd. (NYSE:WFG) Stake Increased by Deutsche Bank AG

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

Several other institutional investors have also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in West Fraser Timber during the fourth quarter worth about $52,000. GAMMA Investing LLC boosted its position in West Fraser Timber by 7,588.9% during the first quarter. GAMMA Investing LLC now owns 692 shares of the company's stock worth $53,000 after acquiring an additional 683 shares during the last quarter. Natixis raised its stake in West Fraser Timber by 61.8% during the fourth quarter. Natixis now owns 1,605 shares of the company's stock worth $139,000 after purchasing an additional 613 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in 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 worth $216,000 after purchasing an additional 181 shares during the period. Finally, Cetera Investment Advisers raised its stake in West Fraser Timber by 21.5% during the fourth quarter. Cetera Investment Advisers now owns 3,057 shares of the company's stock worth $265,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 40.23% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WFG. Wall Street Zen lowered shares of West Fraser Timber from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Royal Bank Of Canada dropped their price objective on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Raymond James Financial restated a "market perform" rating on shares of West Fraser Timber in a report on Monday, July 21st. Finally, TD Securities lowered their target price on shares of West Fraser Timber from $98.00 to $96.00 and set a "buy" rating for the company in a report on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, West Fraser Timber presently has an average rating of "Moderate Buy" and a consensus target price of $100.00.

West Fraser Timber Stock Performance

Shares of WFG stock traded down $0.45 during mid-day trading on Friday, hitting $74.45. The stock had a trading volume of 162,978 shares, compared to its average volume of 248,264. The company's 50-day simple moving average is $73.87 and its 200-day simple moving average is $75.68. 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 firm has a market cap of $5.71 billion, a PE ratio of -42.54 and a beta of 1.15. West Fraser Timber Co. Ltd. has a fifty-two week low of $68.63 and a fifty-two week high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced 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 net margin of 2.18% and a negative return on equity of 0.85%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.61 billion. Sell-side analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Thursday, June 26th were given a $0.32 dividend. The ex-dividend date of this dividend 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 (DPR) is currently -73.14%.

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.