UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,922 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,125 shares of the company's stock after selling 6,922 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.09% of West Fraser Timber worth $6,069,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WFG. Sycomore Asset Management bought a new position in shares of West Fraser Timber during the fourth quarter valued at approximately $596,000. Lightrock Netherlands B.V. bought a new position in West Fraser Timber in the fourth quarter worth about $3,197,000. Vontobel Holding Ltd. raised its stake in West Fraser Timber by 6.3% in the fourth quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company's stock worth $52,565,000 after buying an additional 35,855 shares in the last quarter. Principal Financial Group Inc. boosted its position in West Fraser Timber by 1.9% during 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, Atria Wealth Solutions Inc. boosted its position 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 valued at $250,000 after acquiring an additional 120 shares in the last quarter. Institutional investors own 40.23% of the company's stock.

West Fraser Timber Stock Up 1.5%

Shares of NYSE WFG traded up $1.10 during trading on Wednesday, reaching $74.59. The company had a trading volume of 208,636 shares, compared to its average volume of 177,362. The business's 50-day moving average is $74.17 and its 200 day moving average is $81.74. The stock has a market cap of $5.75 billion, a PE ratio of -355.19 and a beta of 1.17. West Fraser Timber Co. Ltd. has a 12-month low of $69.48 and a 12-month high of $102.40.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on WFG. 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 report on Thursday, April 24th. Scotiabank reduced their target price on shares of 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. Royal Bank of Canada lowered their price target 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. Finally, Raymond James cut their price objective on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $100.40.

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.