Bank of America Corp DE increased its position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 200.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,019 shares of the company's stock after buying an additional 210,107 shares during the quarter. Bank of America Corp DE owned 0.41% of West Fraser Timber worth $27,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Atria Wealth Solutions Inc. lifted its position in West Fraser Timber by 4.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock worth $250,000 after buying an additional 120 shares during the last quarter. Avantax Advisory Services Inc. lifted its position 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 worth $260,000 after buying an additional 121 shares during the last quarter. Signaturefd LLC increased its stake in West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after purchasing an additional 198 shares during the period. Principal Financial Group Inc. increased its stake 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 worth $1,057,000 after purchasing an additional 228 shares during the period. Finally, Inspire Advisors LLC increased its stake in West Fraser Timber by 5.7% in the 4th quarter. Inspire Advisors LLC now owns 4,491 shares of the company's stock worth $389,000 after purchasing an additional 244 shares during the period. Institutional investors own 40.23% of the company's stock.
West Fraser Timber Stock Down 0.1%
Shares of WFG traded down $0.10 during mid-day trading on Friday, hitting $73.27. 106,199 shares of the company's stock traded hands, compared to its average volume of 176,387. West Fraser Timber Co. Ltd. has a 1 year low of $69.48 and a 1 year high of $102.40. The firm has a market capitalization of $5.65 billion, a P/E ratio of -348.90 and a beta of 1.21. The business's 50-day moving average price is $74.68 and its 200-day moving average price is $82.70.
West Fraser Timber (NYSE:WFG - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.15). West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.53 billion. Sell-side analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have commented on WFG shares. Royal Bank of Canada decreased their price target on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Raymond James decreased their price target on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Scotiabank decreased their price target 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, TD Securities decreased 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, Based on data from MarketBeat, West Fraser Timber presently has a consensus rating of "Buy" and an average price target of $100.40.
Check Out Our Latest Stock Analysis on WFG
West Fraser Timber Company 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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