West Fraser Timber Co. Ltd. (NYSE:WFG) Position Reduced by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. lowered its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,530 shares of the company's stock after selling 6,014 shares during the period. West Fraser Timber makes up 3.7% of Galibier Capital Management Ltd.'s portfolio, making the stock its 13th biggest position. Galibier Capital Management Ltd. owned about 0.20% of West Fraser Timber worth $11,714,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Avantax Advisory Services Inc. increased its position in shares of West Fraser Timber by 4.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company's stock worth $260,000 after acquiring an additional 121 shares in the last quarter. Comprehensive Money Management Services LLC increased its position in shares of West Fraser Timber by 3.8% in the first quarter. Comprehensive Money Management Services LLC now owns 4,065 shares of the company's stock worth $313,000 after acquiring an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of West Fraser Timber by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock worth $216,000 after acquiring an additional 181 shares in the last quarter. Signaturefd LLC increased its position in shares of West Fraser Timber by 22.5% in the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after acquiring an additional 198 shares in the last quarter. Finally, Inspire Advisors LLC increased its position in shares of West Fraser Timber by 5.7% in the fourth quarter. Inspire Advisors LLC now owns 4,491 shares of the company's stock worth $389,000 after acquiring an additional 244 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.

West Fraser Timber Trading Down 2.7%

NYSE WFG traded down $2.11 during trading hours on Friday, reaching $75.85. 161,702 shares of the company traded hands, compared to its average volume of 173,908. West Fraser Timber Co. Ltd. has a 12 month low of $69.48 and a 12 month high of $102.40. The stock has a market capitalization of $5.83 billion, a PE ratio of -446.18 and a beta of 1.15. The company has a 50 day moving average of $74.74 and a two-hundred day moving average of $78.43.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted 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 net margin of 0.03% and a return on equity of 0.99%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, equities research analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. West Fraser Timber's dividend payout ratio (DPR) is -752.94%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on WFG. Royal Bank Of Canada decreased 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 note on Tuesday, April 22nd. Wall Street Zen upgraded shares of West Fraser Timber from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th. TD Securities decreased their target price 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, Raymond James Financial decreased their target price on shares of West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, West Fraser Timber has an average rating of "Moderate Buy" and a consensus price target of $100.40.

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.