Russell Investments Group Ltd. Trims Stock Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

Russell Investments Group Ltd. lessened its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 16.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 64,663 shares of the company's stock after selling 13,124 shares during the period. Russell Investments Group Ltd. owned 0.08% of West Fraser Timber worth $5,598,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in West Fraser Timber in the 4th quarter valued at $35,000. Kestra Investment Management LLC bought a new stake in shares of West Fraser Timber in the fourth quarter worth about $39,000. Signaturefd LLC lifted its position 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 buying an additional 198 shares in the last quarter. D.B. Root & Company LLC boosted its stake in West Fraser Timber by 24.0% during the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock valued at $246,000 after buying an additional 549 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in West Fraser Timber by 4.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock valued at $250,000 after buying an additional 120 shares in the last quarter. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

West Fraser Timber Stock Performance

NYSE WFG traded up $0.02 on Friday, hitting $73.31. 110,285 shares of the stock were exchanged, compared to its average volume of 176,322. West Fraser Timber Co. Ltd. has a 52-week low of $69.48 and a 52-week high of $102.40. The firm has a market capitalization of $5.65 billion, a P/E ratio of -349.08 and a beta of 1.21. The stock has a fifty day moving average price of $76.76 and a two-hundred day moving average price of $86.54.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. Sell-side analysts expect that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, March 14th. West Fraser Timber's payout ratio is currently -609.52%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Scotiabank decreased their price objective on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a report on Tuesday, February 18th. Raymond James lowered their price objective on shares of West Fraser Timber from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Finally, TD Securities reduced their target price on shares of West Fraser Timber from $110.00 to $99.00 and set a "buy" rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $103.80.

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.