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

Lightrock Netherlands B.V. lessened its stake in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 40.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WFG. Headlands Technologies LLC purchased a new stake in shares of West Fraser Timber during the fourth quarter valued at approximately $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in West Fraser Timber in the fourth quarter worth $52,000. GAMMA Investing LLC increased its position in West Fraser Timber by 7,588.9% in the first quarter. GAMMA Investing LLC now owns 692 shares of the company's stock worth $53,000 after buying an additional 683 shares during the last quarter. Signaturefd LLC increased its position in West Fraser Timber by 22.5% in the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after buying an additional 198 shares during the last quarter. Finally, Natixis increased its position in West Fraser Timber by 61.8% in the fourth quarter. Natixis now owns 1,605 shares of the company's stock worth $139,000 after buying an additional 613 shares during the last quarter. Institutional investors own 40.23% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on WFG. Raymond James Financial decreased their target price on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen raised West Fraser Timber from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th. Royal Bank Of Canada dropped their price target on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, TD Securities dropped their price target on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.40.

West Fraser Timber Stock Up 1.6%

Shares of NYSE WFG traded up $1.22 during midday trading on Tuesday, reaching $75.70. The company had a trading volume of 160,181 shares, compared to its average volume of 173,334. West Fraser Timber Co. Ltd. has a one year low of $69.48 and a one year high of $102.40. The firm's fifty day moving average price is $74.62 and its 200-day moving average price is $78.60. The stock has a market cap of $5.82 billion, a PE ratio of -445.29 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) 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 business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.53 billion. As a group, equities research analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Dividend Announcement

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

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.