T. Rowe Price Investment Management Inc. boosted its position in West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,357 shares of the company's stock after acquiring an additional 5,294 shares during the quarter. T. Rowe Price Investment Management Inc. owned 0.17% of West Fraser Timber worth $11,283,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of West Fraser Timber in the 4th quarter valued at $35,000. Kestra Investment Management LLC acquired a new stake in West Fraser Timber in the fourth quarter valued at $39,000. Signaturefd LLC lifted its holdings in West Fraser Timber by 22.5% during the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company's stock worth $93,000 after buying an additional 198 shares during the last quarter. Natixis boosted 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 acquiring an additional 613 shares in the last quarter. Finally, D.B. Root & Company LLC raised its position in shares of West Fraser Timber by 24.0% during the 4th quarter. D.B. Root & Company LLC now owns 2,840 shares of the company's stock worth $246,000 after acquiring an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 40.23% of the company's stock.
West Fraser Timber Trading Up 0.9 %
WFG stock traded up $0.70 on Friday, hitting $74.89. The company's stock had a trading volume of 98,842 shares, compared to its average volume of 175,006. West Fraser Timber Co. Ltd. has a 1 year low of $69.48 and a 1 year high of $102.40. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of -356.62 and a beta of 1.21. The firm has a 50 day moving average of $75.54 and a two-hundred day moving average of $84.70.
West Fraser Timber (NYSE:WFG - Get Free Report) last announced its 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). West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.53 billion. As a group, equities analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 EPS 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. Shareholders of record on Friday, March 14th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.71%. West Fraser Timber's dividend payout ratio (DPR) is currently -752.94%.
Wall Street Analysts Forecast Growth
WFG has been the subject of a number of research analyst reports. Scotiabank lowered their price target on 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. TD Securities dropped 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 research report on Thursday, April 24th. Royal Bank of Canada reduced their price target 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, Raymond James dropped their price objective on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $100.40.
Read Our Latest Report on West Fraser Timber
About West Fraser Timber
(
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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