Hsbc Holdings PLC Has $817,000 Stock Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

Hsbc Holdings PLC trimmed its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,438 shares of the company's stock after selling 3,389 shares during the quarter. Hsbc Holdings PLC's holdings in West Fraser Timber were worth $817,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Van Lanschot Kempen Investment Management N.V. lifted its stake in West Fraser Timber by 1.2% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 639,803 shares of the company's stock worth $55,375,000 after purchasing an additional 7,712 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of West Fraser Timber by 13.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 17,726 shares of the company's stock worth $1,488,000 after buying an additional 2,050 shares in the last quarter. Natixis lifted its position in shares of West Fraser Timber by 61.8% during the 4th quarter. Natixis now owns 1,605 shares of the company's stock worth $139,000 after buying an additional 613 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in West Fraser Timber by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 138,435 shares of the company's stock valued at $11,982,000 after buying an additional 14,189 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in West Fraser Timber by 9.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 82,232 shares of the company's stock valued at $6,905,000 after acquiring an additional 7,029 shares during the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

West Fraser Timber Stock Up 0.1 %

West Fraser Timber stock traded up $0.08 during mid-day trading on Wednesday, hitting $74.18. 134,498 shares of the stock were exchanged, compared to its average volume of 174,699. The firm's fifty day simple moving average is $75.25 and its two-hundred day simple moving average is $84.31. West Fraser Timber Co. Ltd. has a 12 month low of $69.48 and a 12 month high of $102.40. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of -353.24 and a beta of 1.21.

West Fraser Timber (NYSE:WFG - Get Free Report) last issued its quarterly earnings results 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 for 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, analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.73%. West Fraser Timber's payout ratio is presently -752.94%.

Analyst Ratings Changes

WFG has been the topic of several research reports. TD Securities decreased their price target on shares of West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Raymond James decreased 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. Scotiabank dropped their price target on 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. Finally, Royal Bank of Canada reduced their price objective on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price 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.