MGO One Seven LLC Grows Stock Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

MGO One Seven LLC grew its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,307 shares of the company's stock after buying an additional 3,944 shares during the quarter. MGO One Seven LLC's holdings in West Fraser Timber were worth $1,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of West Fraser Timber in the 4th quarter valued at approximately $487,000. Alberta Investment Management Corp increased its holdings in shares of West Fraser Timber by 58.7% in the 4th quarter. Alberta Investment Management Corp now owns 293,903 shares of the company's stock worth $25,452,000 after purchasing an additional 108,670 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of West Fraser Timber by 6.3% in the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company's stock worth $52,565,000 after purchasing an additional 35,855 shares in the last quarter. Tacita Capital Inc bought a new stake in shares of West Fraser Timber in the 4th quarter worth $412,000. Finally, Manning & Napier Advisors LLC increased its holdings in shares of West Fraser Timber by 14.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company's stock worth $73,830,000 after purchasing an additional 109,447 shares in the last quarter. Hedge funds and other institutional investors own 40.23% of the company's stock.

Analyst Ratings Changes

WFG has been the subject of several research analyst reports. Royal Bank of Canada cut 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. TD Securities cut 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 report on Thursday, April 24th. Scotiabank cut 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 report on Tuesday, February 18th. Finally, Raymond James dropped their price objective 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $100.40.

West Fraser Timber Stock Performance

WFG traded up $0.47 during trading on Thursday, hitting $74.45. The stock had a trading volume of 51,207 shares, compared to its average volume of 174,779. The company has a market capitalization of $5.74 billion, a PE ratio of -354.48 and a beta of 1.21. West Fraser Timber Co. Ltd. has a twelve month low of $69.48 and a twelve month high of $102.40. The stock has a 50 day simple moving average of $75.67 and a two-hundred day simple moving average of $85.15.

West Fraser Timber (NYSE:WFG - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.53 billion. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. On average, equities research analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 14th were given a dividend of $0.32 per share. The ex-dividend date was Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.72%. West Fraser Timber's dividend payout ratio is presently -752.94%.

West Fraser Timber Company Profile

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.