Galibier Capital Management Ltd. lowered its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 3.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 152,530 shares of the company's stock after selling 6,014 shares during the quarter. West Fraser Timber accounts for about 3.7% of Galibier Capital Management Ltd.'s holdings, 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 filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in West Fraser Timber in the fourth quarter valued at $35,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in West Fraser Timber in the fourth quarter valued at $52,000. GAMMA Investing LLC lifted its holdings in West Fraser Timber by 7,588.9% in the first quarter. GAMMA Investing LLC now owns 692 shares of the company's stock valued at $53,000 after acquiring an additional 683 shares during the period. 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 valued at $93,000 after buying an additional 198 shares in the last quarter. Finally, Natixis increased its position in shares of West Fraser Timber by 61.8% in the fourth quarter. Natixis now owns 1,605 shares of the company's stock valued at $139,000 after buying an additional 613 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.
West Fraser Timber Stock Performance
West Fraser Timber stock traded down $2.11 during midday trading on Friday, reaching $75.85. 161,702 shares of the company were exchanged, compared to its average volume of 173,914. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of -446.18 and a beta of 1.15. The firm's 50-day simple moving average is $74.74 and its 200-day simple moving average is $78.30. 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 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). The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.53 billion. West Fraser Timber had a return on equity of 0.99% and a net margin of 0.03%. On average, analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.
West Fraser Timber Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Thursday, June 26th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, June 26th. West Fraser Timber's dividend payout ratio is presently -752.94%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on WFG shares. Wall Street Zen upgraded West Fraser Timber from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th. Royal Bank Of Canada dropped their price target on 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. Raymond James Financial dropped their price target on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, TD Securities dropped their price target on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $100.40.
Read Our Latest Research Report on West Fraser Timber
West Fraser Timber 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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