West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. reduced its position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 1.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,092,802 shares of the company's stock after selling 18,604 shares during the period. West Fraser Timber comprises approximately 1.8% of Letko Brosseau & Associates Inc.'s holdings, making the stock its 19th biggest holding. Letko Brosseau & Associates Inc. owned 1.42% of West Fraser Timber worth $83,924,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Inspire Advisors LLC boosted its holdings in shares of West Fraser Timber by 3.3% in the 1st quarter. Inspire Advisors LLC now owns 4,637 shares of the company's stock valued at $357,000 after purchasing an additional 146 shares during the last quarter. Comprehensive Money Management Services LLC boosted its holdings in shares of West Fraser Timber by 3.8% in the 1st quarter. Comprehensive Money Management Services LLC now owns 4,065 shares of the company's stock valued at $313,000 after purchasing an additional 150 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of West Fraser Timber by 6.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock valued at $216,000 after purchasing an additional 181 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of West Fraser Timber by 0.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 34,717 shares of the company's stock valued at $2,607,000 after purchasing an additional 251 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of West Fraser Timber in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 40.23% of the company's stock.

West Fraser Timber Stock Performance

Shares of NYSE:WFG traded up $0.44 during trading on Friday, reaching $69.75. 282,595 shares of the company's stock traded hands, compared to its average volume of 205,260. 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 12 month low of $68.63 and a 12 month high of $102.40. The company has a 50 day moving average of $74.22 and a 200-day moving average of $77.09. The stock has a market capitalization of $5.35 billion, a P/E ratio of -39.86 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.18% and a negative return on equity of 0.85%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, June 26th. West Fraser Timber's payout ratio is presently -73.14%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. TD Securities decreased 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. Royal Bank Of Canada dropped their price target 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. 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, Raymond James Financial reissued 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 assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.00.

West Fraser Timber 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.