West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. boosted its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,535 shares of the company’s stock after acquiring an additional 604 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in West Fraser Timber were worth $2,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WFG. FMR LLC grew its stake in shares of West Fraser Timber by 22.5% in the third quarter. FMR LLC now owns 1,447,823 shares of the company’s stock valued at $141,047,000 after buying an additional 266,298 shares in the last quarter. Cerity Partners LLC grew its stake in shares of West Fraser Timber by 128.0% in the third quarter. Cerity Partners LLC now owns 247,400 shares of the company’s stock valued at $24,087,000 after buying an additional 138,871 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of West Fraser Timber by 60.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,247 shares of the company’s stock valued at $27,453,000 after buying an additional 119,841 shares in the last quarter. Manning & Napier Advisors LLC grew its stake in shares of West Fraser Timber by 14.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company’s stock valued at $73,830,000 after buying an additional 109,447 shares in the last quarter. Finally, Alberta Investment Management Corp grew its stake in shares of West Fraser Timber by 58.7% in the fourth quarter. Alberta Investment Management Corp now owns 293,903 shares of the company’s stock valued at $25,452,000 after buying an additional 108,670 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company’s stock.

Wall Street Analyst Weigh In

WFG has been the subject of a number of recent research reports. Raymond James decreased their target price on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. TD Securities decreased their target price on West Fraser Timber from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Scotiabank decreased their target price on West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating for the company in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $106.00.

West Fraser Timber Price Performance

Shares of NYSE WFG opened at $77.19 on Friday. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of -367.59 and a beta of 1.23. The business has a 50-day moving average of $82.61 and a two-hundred day moving average of $89.20. 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 announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) 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%. As a group, equities research analysts expect that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Dividend Announcement

The firm 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 dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Friday, March 14th. West Fraser Timber’s dividend payout ratio (DPR) is -609.52%.

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.