West Fraser Timber Co. Ltd. (NYSE:WFG) Stock Position Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in shares of West Fraser Timber in the 4th quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new stake in shares of West Fraser Timber in the fourth quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in West Fraser Timber in the fourth quarter valued at $52,000. Signaturefd LLC boosted its stake in West Fraser Timber by 22.5% during 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 during the last quarter. Finally, Natixis boosted its stake in West Fraser Timber by 61.8% during the 4th quarter. Natixis now owns 1,605 shares of the company's stock valued at $139,000 after acquiring an additional 613 shares during the last quarter. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

West Fraser Timber Trading Down 1.0%

WFG traded down $0.78 on Friday, hitting $74.88. 113,164 shares of the company's stock were exchanged, compared to its average volume of 177,803. The stock has a fifty day moving average of $74.06 and a two-hundred day moving average of $81.45. 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 $5.77 billion, a PE ratio of -356.57 and a beta of 1.17.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. On average, analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.