Invesco Ltd. Has $6.74 Million Stock Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Invesco Ltd. trimmed its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,832 shares of the company's stock after selling 18,958 shares during the period. Invesco Ltd. owned approximately 0.10% of West Fraser Timber worth $6,736,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WFG. Atria Wealth Solutions Inc. lifted its position in West Fraser Timber by 4.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company's stock worth $250,000 after purchasing an additional 120 shares during the period. Avantax Advisory Services Inc. raised its position in West Fraser Timber by 4.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company's stock worth $260,000 after purchasing an additional 121 shares in the last quarter. Signaturefd LLC lifted its stake in West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after purchasing an additional 198 shares during the period. Principal Financial Group Inc. grew 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 raised its holdings 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 worth $389,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company's stock.

West Fraser Timber Trading Up 1.0 %

Shares of West Fraser Timber stock traded up $0.75 during trading on Wednesday, reaching $74.04. The company's stock had a trading volume of 132,381 shares, compared to its average volume of 175,244. West Fraser Timber Co. Ltd. has a one year low of $69.48 and a one year high of $102.40. The stock has a 50-day moving average price of $75.67 and a two-hundred day moving average price of $85.15. The stock has a market capitalization of $5.71 billion, a P/E ratio of -352.57 and a beta of 1.21.

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

West Fraser Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 1.73%. The ex-dividend date was Friday, March 14th. West Fraser Timber's dividend payout ratio is presently -752.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WFG. Raymond James decreased their price target on 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. TD Securities lowered 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 report on Thursday, April 24th. Royal Bank of Canada dropped their target price on shares of West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Scotiabank reduced their price target on shares of West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company 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.