2 weeks Ago By ABMN Staff
LPL Financial LLC grew its stake in shares of West Fraser Timber Co. Ltd. ( NYSE:WFG – Free Report ) by 46.
6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,642 shares of the company’s stock after buying an additional 2,111 shares during the quarter. LPL Financial LLC’s holdings in West Fraser Timber were worth $575,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Sei Investments Co. bought a new position in West Fraser Timber in the fourth quarter valued at $265,000.
Quantbot Technologies LP lifted its stake in West Fraser Timber by 61.8% during the fourth quarter. Quantbot Technologies LP now owns 5,901 shares of the company’s stock worth $511,000 after purchasing an additional 2,253 shares during the last quarter.
Northwest & Ethical Investments L.P. boosted its holdings in shares of West Fraser Timber by 2.
3% in the 4th quarter. Northwest & Ethical Investments L.P.
now owns 26,535 shares of the company’s stock worth $2,295,000 after purchasing an additional 604 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of West Fraser Timber by 4.8% during the 4th quarter.
Maryland State Retirement & Pension System now owns 35,947 shares of the company’s stock valued at $3,113,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its holdings in shares of West Fraser Timber by 18.7% during the 4th quarter.
Horizon Kinetics Asset Management LLC now owns 281,367 shares of the company’s stock valued at $24,352,000 after buying an additional 44,424 shares in the last quarter. 40.23% of the stock is owned by institutional investors.
West Fraser Timber Trading Down 2.0 % Shares of NYSE:WFG opened at $73.07 on Thursday.
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 Co. Ltd.
has a 12 month low of $69.48 and a 12 month high of $102.40.
The company has a 50-day moving average price of $76.27 and a 200-day moving average price of $86.04.
West Fraser Timber Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th were issued a $0.32 dividend.
The ex-dividend date was Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.
75%. West Fraser Timber’s dividend payout ratio (DPR) is presently -609.52%.
Analyst Ratings Changes A number of brokerages have commented on WFG. 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. TD Securities reduced their price objective on West Fraser Timber from $110.00 to $99.
00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Raymond James lowered their target price on West Fraser Timber from $105.00 to $90.
00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada reduced their price target on West Fraser Timber from $117.00 to $99.
00 and set an “outperform” rating on the stock in a research report on Tuesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $100.
60. Check Out Our Latest Research Report on WFG 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. Read More Want 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 ). Receive News & Ratings for West Fraser Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber and related companies with MarketBeat.
com's FREE daily email newsletter ..
