TD Asset Management Inc Has $13.47 Million Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

TD Asset Management Inc lessened its position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 46.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,377 shares of the company's stock after selling 154,453 shares during the period. TD Asset Management Inc owned about 0.23% of West Fraser Timber worth $13,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WFG. Raymond James Financial Inc. bought a new position in shares of West Fraser Timber in the 4th quarter valued at about $487,000. Sei Investments Co. bought a new position in shares of West Fraser Timber in the 4th quarter valued at about $265,000. LPL Financial LLC grew its position in shares of West Fraser Timber by 46.6% in the 4th quarter. LPL Financial LLC now owns 6,642 shares of the company's stock valued at $575,000 after acquiring an additional 2,111 shares during the period. Vanguard Group Inc. grew its position in shares of West Fraser Timber by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,846,663 shares of the company's stock valued at $246,652,000 after acquiring an additional 12,874 shares during the period. Finally, Norges Bank bought a new position in shares of West Fraser Timber in the 4th quarter valued at about $81,605,000. Institutional investors own 40.23% of the company's stock.

West Fraser Timber Stock Performance

West Fraser Timber stock traded up $0.44 during midday trading on Friday, hitting $69.75. The company's stock had a trading volume of 282,595 shares, compared to its average volume of 227,953. West Fraser Timber Co. Ltd. has a 1-year low of $68.63 and a 1-year high of $102.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 1.61. The company has a 50-day moving average price of $74.15 and a two-hundred day moving average price of $76.89. The company has a market cap of $5.35 billion, a price-to-earnings ratio of -39.86 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.61 billion. As a group, sell-side analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. 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. Royal Bank Of Canada reduced 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 report on Tuesday, April 22nd. Raymond James Financial reaffirmed a "market perform" rating on shares of West Fraser Timber in a report on Monday, July 21st. Finally, TD Securities reduced their target price on shares of West Fraser Timber from $98.00 to $96.00 and set a "buy" rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, West Fraser Timber has a consensus rating of "Moderate Buy" and a consensus target price 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.