Nuveen Asset Management LLC Has $4.79 Million Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Nuveen Asset Management LLC trimmed its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,341 shares of the company's stock after selling 15,934 shares during the quarter. Nuveen Asset Management LLC owned about 0.07% of West Fraser Timber worth $4,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WFG. Headlands Technologies LLC acquired a new stake in West Fraser Timber during the fourth quarter valued at $35,000. Kestra Investment Management LLC acquired a new stake in shares of West Fraser Timber during the 4th quarter valued at about $39,000. Signaturefd LLC grew 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 valued at $93,000 after acquiring an additional 198 shares during the period. Natixis increased its holdings in shares of West Fraser Timber by 61.8% during the fourth quarter. Natixis now owns 1,605 shares of the company's stock worth $139,000 after buying an additional 613 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in shares of West Fraser Timber by 4.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock valued at $250,000 after buying an additional 120 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Scotiabank decreased their price objective on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their target price on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Raymond James dropped their price objective on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, TD Securities decreased their price target on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, West Fraser Timber currently has a consensus rating of "Buy" and an average price target of $100.40.

West Fraser Timber Price Performance

WFG stock traded up $0.73 during midday trading on Wednesday, reaching $74.22. The company had a trading volume of 28,810 shares, compared to its average volume of 176,665. The stock has a 50 day moving average price of $74.17 and a 200-day moving average price of $81.74. West Fraser Timber Co. Ltd. has a 1-year low of $69.48 and a 1-year high of $102.40. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of -353.55 and a beta of 1.17.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.53 billion. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. As a group, research analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

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.