Nicola Wealth Management LTD. purchased a new position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,700 shares of the company's stock, valued at approximately $3,569,000. Nicola Wealth Management LTD. owned about 0.05% of West Fraser Timber at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bfsg LLC acquired a new stake in shares of West Fraser Timber during the 4th quarter worth approximately $42,000. SG Americas Securities LLC purchased a new stake in shares of West Fraser Timber during the 3rd quarter worth about $112,000. Van ECK Associates Corp grew its holdings in West Fraser Timber by 63.9% in the fourth quarter. Van ECK Associates Corp now owns 2,806 shares of the company's stock valued at $240,000 after purchasing an additional 1,094 shares during the period. Bank of Nova Scotia Trust Co. increased its position in shares of West Fraser Timber by 16.3% in the third quarter. Bank of Nova Scotia Trust Co. now owns 3,248 shares of the company's stock valued at $236,000 after buying an additional 455 shares in the last quarter. Finally, EJF Capital LLC lifted its position in shares of West Fraser Timber by 35.9% during the 3rd quarter. EJF Capital LLC now owns 6,793 shares of the company's stock valued at $493,000 after buying an additional 1,793 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WFG has been the subject of a number of research analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $97.00 price objective on shares of West Fraser Timber in a research report on Thursday, March 28th. Scotiabank set a $100.00 price objective on West Fraser Timber and gave the stock an "outperform" rating in a report on Monday, January 22nd. TD Securities increased their target price on West Fraser Timber from $115.00 to $118.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Finally, Raymond James lifted their price target on West Fraser Timber from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, February 6th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $106.25.
Get Our Latest Report on WFG
West Fraser Timber Price Performance
Shares of West Fraser Timber stock traded down $0.22 on Friday, hitting $81.22. 145,775 shares of the company were exchanged, compared to its average volume of 147,786. West Fraser Timber Co. Ltd. has a 1-year low of $64.11 and a 1-year high of $90.17. The company has a quick ratio of 1.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of -67.12 and a beta of 1.18. The company has a 50-day moving average price of $81.09 and a 200 day moving average price of $80.00.
West Fraser Timber (NYSE:WFG - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.48. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.47 billion. West Fraser Timber had a positive return on equity of 2.35% and a negative net margin of 1.39%. The firm's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.52) EPS. As a group, sell-side analysts predict that West Fraser Timber Co. Ltd. will post 4.73 earnings per share for the current fiscal year.
West Fraser Timber Company 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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