Janus Henderson Group PLC Buys 41,087 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Janus Henderson Group PLC increased its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 54.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,901 shares of the company's stock after buying an additional 41,087 shares during the quarter. Janus Henderson Group PLC owned 0.15% of West Fraser Timber worth $9,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. 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 in the last quarter. Avantax Advisory Services Inc. increased its stake 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 during the last quarter. Signaturefd LLC increased its stake 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 during the last quarter. Principal Financial Group Inc. raised its holdings in shares of West Fraser Timber by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 12,202 shares of the company's stock worth $1,057,000 after acquiring an additional 228 shares in the last quarter. Finally, Inspire Advisors LLC boosted its position in West Fraser Timber by 5.7% during the fourth quarter. Inspire Advisors LLC now owns 4,491 shares of the company's stock valued at $389,000 after purchasing an additional 244 shares during the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

West Fraser Timber Trading Up 1.0%

Shares of West Fraser Timber stock traded up $0.75 during trading on Monday, reaching $75.88. The company's stock had a trading volume of 79,616 shares, compared to its average volume of 175,346. The stock has a 50-day moving average price of $74.96 and a two-hundred day moving average price of $83.10. The stock has a market capitalization of $5.85 billion, a P/E ratio of -361.33 and a beta of 1.21. West Fraser Timber Co. Ltd. has a one year low of $69.48 and a one year high of $102.40.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced 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 firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.53 billion. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. As a group, sell-side analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WFG. TD Securities lowered their price target on 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. Scotiabank reduced their target price on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada dropped 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. Finally, Raymond James cut 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 report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "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.