Russell Investments Group Ltd. lowered its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 9.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,821 shares of the company's stock after selling 5,842 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of West Fraser Timber worth $4,512,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of WFG. Envestnet Asset Management Inc. boosted its stake in West Fraser Timber by 8.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 24,589 shares of the company's stock valued at $2,129,000 after buying an additional 1,969 shares in the last quarter. Raymond James Financial Inc. bought a new position in West Fraser Timber during the fourth quarter valued at about $487,000. Dimensional Fund Advisors LP boosted its position in shares of West Fraser Timber by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 138,435 shares of the company's stock valued at $11,982,000 after purchasing an additional 14,189 shares during the period. Natixis boosted its position in shares of West Fraser Timber by 61.8% in the 4th quarter. Natixis now owns 1,605 shares of the company's stock valued at $139,000 after purchasing an additional 613 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in shares of West Fraser Timber by 13.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 17,726 shares of the company's stock valued at $1,488,000 after purchasing an additional 2,050 shares during the period. Institutional investors own 40.23% of the company's stock.
West Fraser Timber Stock Performance
Shares of WFG traded down $0.9220 during midday trading on Monday, reaching $75.0280. 165,873 shares of the stock were exchanged, compared to its average volume of 210,746. West Fraser Timber Co. Ltd. has a 12-month low of $68.63 and a 12-month high of $102.40. The firm has a 50 day simple moving average of $73.58 and a 200-day simple moving average of $75.18. The company has a quick ratio of 1.61, a current ratio of 2.89 and a debt-to-equity ratio of 0.04.
West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings results 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 return on equity of 0.85% and a negative net margin of 2.18%.The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.61 billion. On average, equities research analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.
West Fraser Timber Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Thursday, June 26th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, June 26th. West Fraser Timber's dividend payout ratio (DPR) is presently -73.14%.
Analysts Set New Price Targets
A number of research firms recently weighed in on WFG. Raymond James Financial reiterated a "market perform" rating on shares of West Fraser Timber in a research report on Monday, July 21st. TD Securities decreased their price target on West Fraser Timber from $98.00 to $96.00 and set a "buy" rating for the company in a research report on Friday, July 25th. Finally, Wall Street Zen lowered West Fraser Timber from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $100.00.
View Our Latest Research Report on WFG
West Fraser Timber Profile
(
Free Report)
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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