Tidal Investments LLC Lowers Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

Tidal Investments LLC reduced its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 44.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,054 shares of the company's stock after selling 4,908 shares during the period. Tidal Investments LLC's holdings in West Fraser Timber were worth $524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its holdings in West Fraser Timber by 4.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock worth $250,000 after purchasing an additional 120 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in West Fraser Timber by 4.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company's stock valued at $260,000 after acquiring an additional 121 shares in the last quarter. Signaturefd LLC raised its holdings in West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock valued at $93,000 after acquiring an additional 198 shares in the last quarter. Principal Financial Group Inc. raised its holdings in West Fraser Timber by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 12,202 shares of the company's stock valued at $1,057,000 after acquiring an additional 228 shares in the last quarter. Finally, Inspire Advisors LLC raised its holdings in West Fraser Timber by 5.7% in the 4th quarter. Inspire Advisors LLC now owns 4,491 shares of the company's stock valued at $389,000 after acquiring an additional 244 shares in the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WFG has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their price target on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Scotiabank reduced their price objective on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, February 18th. Raymond James cut their target price on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a research report 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 on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $100.40.

West Fraser Timber Trading Up 0.2%

WFG stock traded up $0.15 during trading on Monday, reaching $73.73. 163,064 shares of the stock were exchanged, compared to its average volume of 176,747. The firm's 50 day moving average is $74.24 and its 200 day moving average is $81.80. West Fraser Timber Co. Ltd. has a twelve month low of $69.48 and a twelve month high of $102.40. The firm has a market cap of $5.69 billion, a P/E ratio of -351.10 and a beta of 1.21.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its quarterly earnings results 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 positive return on equity of 0.88% and a negative net margin of 0.08%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. As a group, analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

About West Fraser Timber

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.