West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 18.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,900 shares of the company's stock after acquiring an additional 3,700 shares during the quarter. Intact Investment Management Inc.'s holdings in West Fraser Timber were worth $1,836,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FIL Ltd grew its holdings in West Fraser Timber by 35.5% in the fourth quarter. FIL Ltd now owns 5,041,873 shares of the company's stock valued at $436,861,000 after purchasing an additional 1,319,843 shares during the last quarter. Royal Bank of Canada increased its holdings in West Fraser Timber by 0.3% during the 4th quarter. Royal Bank of Canada now owns 2,980,619 shares of the company's stock valued at $257,974,000 after acquiring an additional 8,760 shares in the last quarter. Vanguard Group Inc. raised its position in West Fraser Timber by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,846,663 shares of the company's stock worth $246,652,000 after acquiring an additional 12,874 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of West Fraser Timber by 56.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,162,049 shares of the company's stock valued at $187,126,000 after purchasing an additional 780,313 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of West Fraser Timber in the fourth quarter valued at $81,605,000. 40.23% of the stock is owned by institutional investors and hedge funds.

West Fraser Timber Stock Down 1.2%

Shares of West Fraser Timber stock traded down $0.93 during trading hours on Wednesday, hitting $73.83. The company's stock had a trading volume of 193,549 shares, compared to its average volume of 172,095. The company has a market capitalization of $5.68 billion, a PE ratio of 105.30 and a beta of 1.17. The business has a fifty day moving average of $74.33 and a 200 day moving average of $79.59. West Fraser Timber Co. Ltd. has a 1-year low of $69.48 and a 1-year high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.15). West Fraser Timber had a return on equity of 0.99% and a net margin of 0.03%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. On average, sell-side analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Thursday, June 26th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, June 26th. West Fraser Timber's dividend payout ratio (DPR) is -752.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WFG shares. Raymond James Financial decreased their price target on shares of 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. Royal Bank Of Canada cut their price target on shares of 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. TD Securities lowered their price objective on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen raised West Fraser Timber from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.