Impala Asset Management LLC Has $8.75 Million Stock Holdings in West Fraser Timber Co. Ltd. $WFG

Key Points

• Impala Asset Management LLC sold 15,400 shares of West Fraser Timber Co. Ltd., reducing its stake by 11.9% during the 1st quarter, and now holds approximately 0.15% of the company.
• Other institutional investors like Allianz and Principal Financial Group increased their holdings in West Fraser Timber by 10.4% and 33.3%, respectively, during the same quarter.
• West Fraser Timber's stock recently received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average price target of $100.00, despite a recent downgrade by Wall Street Zen.

Impala Asset Management LLC decreased its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 11.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,900 shares of the company's stock after selling 15,400 shares during the period. West Fraser Timber makes up 5.7% of Impala Asset Management LLC's portfolio, making the stock its 7th largest holding. Impala Asset Management LLC owned approximately 0.15% of West Fraser Timber worth $8,750,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in West Fraser Timber in the 4th quarter valued at $52,000. GAMMA Investing LLC raised its position 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. lifted its stake in shares of West Fraser Timber by 6.9% in 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 period. Gulf International Bank UK Ltd grew its position in 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 worth $230,000 after buying an additional 2,793 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in West Fraser Timber during the first quarter valued at about $251,000. Institutional investors own 40.23% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on WFG shares. Wall Street Zen downgraded West Fraser Timber from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Raymond James Financial reaffirmed a "market perform" rating on shares of West Fraser Timber in a research report on Monday, July 21st. Finally, TD Securities lowered their price target on shares of West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $100.00.

West Fraser Timber Price Performance

NYSE WFG traded down $0.38 on Monday, hitting $75.15. 53,756 shares of the company were exchanged, compared to its average volume of 210,705. West Fraser Timber Co. Ltd. has a 1-year low of $68.63 and a 1-year high of $102.40. The firm has a 50 day moving average of $73.38 and a two-hundred day moving average of $74.45. The company has a current ratio of 2.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.75 billion, a P/E ratio of -42.87 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.61 billion. On average, equities analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Thursday, September 25th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a 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.