Zurcher Kantonalbank Zurich Cantonalbank Has $4.48 Million Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in West Fraser Timber by 56.6%, now owning 58,315 shares worth approximately $4.48 million.
• West Fraser Timber reported a loss of $0.38 EPS for the last quarter, missing estimates and showing a negative net margin of 2.18%.
• The company has announced a quarterly dividend of $0.32, translating to an annual yield of 1.8% despite a negative dividend payout ratio of -73.14%.

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 56.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,315 shares of the company's stock after acquiring an additional 21,079 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of West Fraser Timber worth $4,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comprehensive Money Management Services LLC increased its holdings in West Fraser Timber by 3.8% during the 1st quarter. Comprehensive Money Management Services LLC now owns 4,065 shares of the company's stock worth $313,000 after purchasing an additional 150 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of West Fraser Timber by 6.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock worth $216,000 after buying an additional 181 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in West Fraser Timber by 0.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 34,717 shares of the company's stock valued at $2,607,000 after buying an additional 251 shares during the last quarter. Headlands Technologies LLC bought a new stake in West Fraser Timber in the 4th quarter valued at approximately $35,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in West Fraser Timber by 12.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,500 shares of the company's stock valued at $389,000 after acquiring an additional 500 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WFG. Raymond James Financial reaffirmed a "market perform" rating on shares of West Fraser Timber in a research note on Monday, July 21st. Wall Street Zen lowered shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. TD Securities reduced their price objective on shares of West Fraser Timber from $98.00 to $96.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Finally, Royal Bank Of Canada decreased their price objective on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $100.00.

West Fraser Timber Price Performance

Shares of WFG opened at $69.34 on Friday. The company has a current ratio of 2.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.04. The company's fifty day simple moving average is $74.22 and its 200 day simple moving average is $77.09. West Fraser Timber Co. Ltd. has a 1-year low of $68.92 and a 1-year high of $102.40. The company has a market cap of $5.32 billion, a price-to-earnings ratio of -39.63 and a beta of 1.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.74). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.61 billion. West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.85%. On average, research analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Thursday, June 26th were paid a $0.32 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.28 annualized dividend and a yield of 1.8%. West Fraser Timber's dividend payout ratio is currently -73.14%.

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.

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