4,700 Shares in West Fraser Timber Co. Ltd. (NYSE:WFG) Purchased by Sava Infond d.o.o.

Sava Infond d.o.o. acquired a new stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,700 shares of the company’s stock, valued at approximately $407,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in West Fraser Timber by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,846,663 shares of the company’s stock valued at $246,652,000 after buying an additional 12,874 shares in the last quarter. FMR LLC boosted its stake in shares of West Fraser Timber by 22.5% in the 3rd quarter. FMR LLC now owns 1,447,823 shares of the company’s stock valued at $141,047,000 after purchasing an additional 266,298 shares in the last quarter. Manning & Napier Advisors LLC grew its holdings in shares of West Fraser Timber by 14.7% in the 4th quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company’s stock worth $73,830,000 after purchasing an additional 109,447 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of West Fraser Timber by 6.3% during the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company’s stock worth $52,565,000 after purchasing an additional 35,855 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in West Fraser Timber by 60.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,247 shares of the company’s stock valued at $27,453,000 after purchasing an additional 119,841 shares during the last quarter. 40.23% of the stock is currently owned by institutional investors.

West Fraser Timber Price Performance

Shares of West Fraser Timber stock opened at $77.07 on Friday. The firm has a 50 day simple moving average of $81.65 and a 200 day simple moving average of $88.85. West Fraser Timber Co. Ltd. has a fifty-two week low of $73.91 and a fifty-two week high of $102.40. The firm has a market cap of $6.14 billion, a P/E ratio of -367.02 and a beta of 1.23.

West Fraser Timber (NYSE:WFG) last released its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. On average, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. West Fraser Timber’s payout ratio is presently -609.52%.

Wall Street Analyst Weigh In

Several analysts have weighed in on WFG shares. TD Securities decreased their price objective on shares of West Fraser Timber from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Raymond James decreased their price target on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank cut their price objective on 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. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $106.00.

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.