Lighthouse Investment Partners LLC decreased its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,489 shares of the company's stock after selling 3,591 shares during the quarter. Lighthouse Investment Partners LLC's holdings in West Fraser Timber were worth $475,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. increased its position in shares of West Fraser Timber by 4.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock worth $250,000 after buying an additional 120 shares during the period. Avantax Advisory Services Inc. grew its holdings in West Fraser Timber by 4.2% during the 4th 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 period. Signaturefd LLC raised its position in shares of West Fraser Timber by 22.5% in the 4th 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. Principal Financial Group Inc. lifted its stake in shares of West Fraser Timber by 1.9% in the 4th quarter. Principal Financial Group Inc. now owns 12,202 shares of the company's stock valued at $1,057,000 after purchasing an additional 228 shares during the period. Finally, Inspire Advisors LLC lifted its stake in shares of West Fraser Timber by 5.7% in the 4th 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 period. Institutional investors and hedge funds own 40.23% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on WFG shares. Royal Bank of Canada lowered their target price 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. Scotiabank reduced their price objective on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating for the company in a research report on Tuesday, February 18th. TD Securities dropped their target price on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James cut their target price 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, West Fraser Timber presently has a consensus rating of "Buy" and an average target price of $100.40.
Get Our Latest Report on West Fraser Timber
West Fraser Timber Stock Performance
Shares of NYSE:WFG opened at $73.74 on Thursday. West Fraser Timber Co. Ltd. has a 52-week low of $69.48 and a 52-week high of $102.40. The business's 50 day simple moving average is $75.04 and its two-hundred day simple moving average is $83.62. The firm has a market cap of $5.69 billion, a P/E ratio of -351.14 and a beta of 1.21.
West Fraser Timber (NYSE:WFG - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.15). West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.53 billion. On average, equities analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.
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.
Featured Stories
Want to see what other hedge funds are holding WFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider West Fraser Timber, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and West Fraser Timber wasn't on the list.
While West Fraser Timber currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
