Lightrock Netherlands B.V. Decreases Stake in West Fraser Timber Co. Ltd. (NYSE:WFG)

Lightrock Netherlands B.V. lowered its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 40.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,064 shares of the company's stock after selling 14,687 shares during the quarter. Lightrock Netherlands B.V.'s holdings in West Fraser Timber were worth $1,700,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FIL Ltd raised its position in shares of West Fraser Timber by 35.5% in the 4th quarter. FIL Ltd now owns 5,041,873 shares of the company's stock valued at $436,861,000 after purchasing an additional 1,319,843 shares in the last quarter. Norges Bank acquired a new position in shares of West Fraser Timber in the 4th quarter valued at approximately $81,605,000. Price T Rowe Associates Inc. MD raised its position in shares of 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 purchasing an additional 780,313 shares in the last quarter. Bank of America Corp DE raised its position in shares of West Fraser Timber by 200.3% in the 4th quarter. Bank of America Corp DE now owns 315,019 shares of the company's stock valued at $27,265,000 after purchasing an additional 210,107 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of West Fraser Timber by 73.7% in the 4th quarter. Mackenzie Financial Corp now owns 304,826 shares of the company's stock valued at $26,384,000 after purchasing an additional 129,378 shares in the last quarter. Hedge funds and other institutional investors own 40.23% of the company's stock.

West Fraser Timber Stock Down 2.2%

Shares of NYSE WFG opened at $75.65 on Friday. West Fraser Timber Co. Ltd. has a fifty-two week low of $69.48 and a fifty-two week high of $102.40. The firm's 50-day simple moving average is $74.58 and its 200 day simple moving average is $78.78. The stock has a market cap of $5.82 billion, a P/E ratio of -444.98 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.15). West Fraser Timber had a net margin of 0.03% and a return on equity of 0.99%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, sell-side analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Thursday, June 26th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.69%. The ex-dividend date is Thursday, June 26th. West Fraser Timber's dividend payout ratio (DPR) is presently -752.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada dropped their price target on 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. TD Securities reduced their price target on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Raymond James Financial reduced their price target on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of West Fraser Timber from a "sell" rating to a "hold" rating in a report on Saturday, June 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, West Fraser Timber has a consensus rating of "Moderate Buy" and a consensus price target of $100.40.

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.

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