Signaturefd LLC Raises Stock Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

Signaturefd LLC grew its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 22.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,078 shares of the company’s stock after purchasing an additional 198 shares during the period. Signaturefd LLC’s holdings in West Fraser Timber were worth $93,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new position in West Fraser Timber in the 4th quarter valued at approximately $39,000. Quantinno Capital Management LP purchased a new position in shares of West Fraser Timber in the third quarter valued at $258,000. D.B. Root & Company LLC raised its stake in shares of West Fraser Timber by 24.0% during the 4th quarter. D.B. Root & Company LLC now owns 2,840 shares of the company’s stock worth $246,000 after buying an additional 549 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of West Fraser Timber by 4.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company’s stock worth $250,000 after buying an additional 120 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in West Fraser Timber by 4.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,002 shares of the company’s stock valued at $260,000 after acquiring an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 40.23% of the company’s stock.

West Fraser Timber Price Performance

NYSE:WFG opened at $76.26 on Monday. The firm has a market cap of $6.08 billion, a PE ratio of -363.12 and a beta of 1.23. The firm has a 50 day simple moving average of $82.44 and a 200-day simple moving average of $89.15. West Fraser Timber Co. Ltd. has a 1-year low of $73.91 and a 1-year high of $102.40.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 annualized dividend and a yield of 1.68%. West Fraser Timber’s payout ratio is -609.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WFG shares. 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. TD Securities cut their price objective 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 lowered their target price on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $106.00.

West Fraser Timber 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.