450 Shares in West Fraser Timber Co. Ltd. (NYSE:WFG) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new position in West Fraser Timber Co. Ltd. (NYSE:WFG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 450 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WFG. Creative Planning boosted its stake in West Fraser Timber by 69.8% in the 3rd quarter. Creative Planning now owns 7,059 shares of the company’s stock worth $687,000 after purchasing an additional 2,901 shares during the period. Signaturefd LLC lifted its position in West Fraser Timber by 77.4% during the 3rd quarter. Signaturefd LLC now owns 880 shares of the company’s stock worth $86,000 after buying an additional 384 shares in the last quarter. International Assets Investment Management LLC bought a new stake in West Fraser Timber during the 3rd quarter worth about $12,370,000. DekaBank Deutsche Girozentrale lifted its position in West Fraser Timber by 1.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 34,466 shares of the company’s stock worth $3,285,000 after buying an additional 532 shares in the last quarter. Finally, US Bancorp DE lifted its position in West Fraser Timber by 82.9% during the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company’s stock worth $125,000 after buying an additional 582 shares in the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on WFG. Raymond James cut their price target on shares of 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. TD Securities cut their price target on shares of West Fraser Timber from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Scotiabank cut 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 analysts have rated the stock with a buy rating, According to data from MarketBeat.com, West Fraser Timber currently has a consensus rating of “Buy” and an average target price of $106.00.

West Fraser Timber Stock Performance

Shares of WFG stock opened at $78.91 on Friday. The firm’s 50-day moving average is $86.16 and its 200-day moving average is $90.44. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of -375.77 and a beta of 1.22. West Fraser Timber Co. Ltd. has a 52-week low of $73.91 and a 52-week high of $102.40.

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

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.62%. West Fraser Timber’s dividend payout ratio is currently -609.52%.

West Fraser Timber Company Profile

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.