West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Sold by AGF Management Ltd.

AGF Management Ltd. lessened its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,229 shares of the company’s stock after selling 364 shares during the quarter. AGF Management Ltd.’s holdings in West Fraser Timber were worth $2,359,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new position in shares of West Fraser Timber in the fourth quarter worth about $39,000. US Bancorp DE raised its stake in shares of West Fraser Timber by 82.9% in the third quarter. US Bancorp DE now owns 1,284 shares of the company’s stock worth $125,000 after purchasing an additional 582 shares during the last quarter. Quantinno Capital Management LP purchased a new position in shares of West Fraser Timber in the third quarter worth about $258,000. D.B. Root & Company LLC raised its stake in shares of West Fraser Timber by 24.0% in the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company’s stock worth $246,000 after purchasing an additional 549 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of West Fraser Timber by 4.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company’s stock worth $250,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 40.23% of the company’s stock.

West Fraser Timber Trading Up 0.2 %

Shares of WFG stock opened at $76.45 on Friday. The stock has a market cap of $5.91 billion, a P/E ratio of -364.03 and a beta of 1.23. West Fraser Timber Co. Ltd. has a twelve month low of $73.91 and a twelve month high of $102.40. The stock has a 50 day moving average of $83.37 and a 200 day moving average of $89.51.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating 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, research analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, March 14th. West Fraser Timber’s dividend payout ratio (DPR) is presently -609.52%.

Analysts Set New Price Targets

WFG has been the subject of several research analyst reports. Scotiabank reduced 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 note on Tuesday, February 18th. TD Securities reduced their price target on West Fraser Timber from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Raymond James reduced their price target on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus 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.