2 weeks Ago By Defense World Staff
LPL Financial LLC grew its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG – Free Report) by 46.
6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,642 shares of the company’s stock after acquiring an additional 2,111 shares during the period. LPL Financial LLC’s holdings in West Fraser Timber were worth $575,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Sei Investments Co. bought a new position in West Fraser Timber during the fourth quarter valued at $265,000.
Quantbot Technologies LP lifted its position in shares of West Fraser Timber by 61.8% during the 4th quarter. Quantbot Technologies LP now owns 5,901 shares of the company’s stock valued at $511,000 after buying an additional 2,253 shares during the last quarter.
Northwest & Ethical Investments L.P. grew its stake in shares of West Fraser Timber by 2.
3% during the 4th quarter. Northwest & Ethical Investments L.P.
now owns 26,535 shares of the company’s stock worth $2,295,000 after acquiring an additional 604 shares during the period. Maryland State Retirement & Pension System increased its holdings in West Fraser Timber by 4.8% in the 4th quarter.
Maryland State Retirement & Pension System now owns 35,947 shares of the company’s stock worth $3,113,000 after acquiring an additional 1,645 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in West Fraser Timber by 18.7% in the 4th quarter.
Horizon Kinetics Asset Management LLC now owns 281,367 shares of the company’s stock valued at $24,352,000 after acquiring an additional 44,424 shares during the period. Hedge funds and other institutional investors own 40.23% of the company’s stock.
West Fraser Timber Trading Down 2.0 %Shares of West Fraser Timber stock opened at $73.07 on Thursday.
The company’s 50-day moving average price is $76.27 and its 200-day moving average price is $86.04.
West Fraser Timber Co. Ltd. has a 12-month low of $69.
48 and a 12-month high of $102.40. The company has a market cap of $5.
64 billion, a price-to-earnings ratio of -347.95 and a beta of 1.21.
West Fraser Timber (NYSE:WFG – Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
61 by ($0.15). West Fraser Timber had a positive return on equity of 0.
88% and a negative net margin of 0.08%. The firm had revenue of $1.
46 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, sell-side analysts predict that West Fraser Timber Co.
Ltd. will post 4.45 earnings per share for the current year.
West Fraser Timber Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 14th were given a $0.32 dividend.
The ex-dividend date was Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.
75%. West Fraser Timber’s dividend payout ratio (DPR) is presently -609.52%.
Analyst Ratings ChangesA number of brokerages have weighed in on WFG. Scotiabank cut their target price on shares of West Fraser Timber from $109.00 to $100.
00 and set a “sector outperform” rating for the company in a research report on Tuesday, February 18th. Royal Bank of Canada dropped their price target on shares of West Fraser Timber from $117.00 to $99.
00 and set an “outperform” rating on the stock in a research note on Tuesday. Raymond James reduced their price objective on shares of West Fraser Timber from $105.00 to $90.
00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, TD Securities lowered 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, April 17th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $100.
60.View Our Latest Research Report on WFGWest 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.Read MoreFive stocks we like better than West Fraser TimberFind and Profitably Trade Stocks at 52-Week LowsCan IBM’s Q1 Earnings Spark a Breakout for the Stock?Short Selling – The Pros and Cons S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry?How to Invest in Tech Stocks and Top Tech Stocks to ConsiderFundamentally Sound, These 5 Stocks Sold Off AnywayWant to see what other hedge funds are holding WFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Fraser Timber Co.
Ltd. (NYSE:WFG – Free Report)..
