J.W. Cole Advisors Inc. Buys New Shares in West Fraser Timber Co. Ltd. (NYSE:WFG)

J.W. Cole Advisors Inc. bought a new stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,187 shares of the company's stock, valued at approximately $1,476,000.

Other hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its holdings in shares of West Fraser Timber by 4.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company's stock worth $260,000 after acquiring an additional 121 shares in the last quarter. Comprehensive Money Management Services LLC raised its holdings in shares of West Fraser Timber by 3.8% during the first quarter. Comprehensive Money Management Services LLC now owns 4,065 shares of the company's stock worth $313,000 after acquiring an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings 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 worth $216,000 after acquiring an additional 181 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of West Fraser Timber by 0.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 34,717 shares of the company's stock worth $2,607,000 after acquiring an additional 251 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of West Fraser Timber during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 40.23% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial reiterated a "market perform" rating on shares of West Fraser Timber in a report on Monday. 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 report on Friday. Wall Street Zen downgraded shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, 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 report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.00.

West Fraser Timber Stock Performance

Shares of NYSE:WFG traded up $0.98 during midday trading on Friday, hitting $71.93. The company's stock had a trading volume of 104,931 shares, compared to its average volume of 203,627. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of -41.10 and a beta of 1.15. The stock's 50 day simple moving average is $74.61 and its 200 day simple moving average is $77.61. West Fraser Timber Co. Ltd. has a fifty-two week low of $69.48 and a fifty-two week high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.74). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.61 billion. West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.84%. As a group, analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Thursday, June 26th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, June 26th. West Fraser Timber's dividend payout ratio is currently -752.94%.

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.