Price T Rowe Associates Inc. MD Grows Stock Holdings in West Fraser Timber Co. Ltd. $WFG

Price T Rowe Associates Inc. MD grew its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 10.8% during the first quarter, HoldingsChannel reports. The firm owned 2,394,607 shares of the company’s stock after purchasing an additional 232,558 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in West Fraser Timber were worth $184,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WFG. Point72 Asia Singapore Pte. Ltd. acquired a new position in West Fraser Timber in the fourth quarter valued at $52,000. GAMMA Investing LLC increased its stake in shares of West Fraser Timber by 7,588.9% during the 1st quarter. GAMMA Investing LLC now owns 692 shares of the company’s stock valued at $53,000 after acquiring an additional 683 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of West Fraser Timber by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company’s stock worth $216,000 after acquiring an additional 181 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of West Fraser Timber by 1,396.5% in the first quarter. Gulf International Bank UK Ltd now owns 2,993 shares of the company’s stock worth $230,000 after acquiring an additional 2,793 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of West Fraser Timber in the first quarter worth approximately $251,000. Hedge funds and other institutional investors own 40.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Securities dropped their price target on shares of West Fraser Timber from $98.00 to $96.00 and set a “buy” rating for the company in a research report on Friday, July 25th. Raymond James Financial reissued a “market perform” rating on shares of West Fraser Timber in a research note on Monday, July 21st. Finally, Wall Street Zen downgraded West Fraser Timber from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

West Fraser Timber Trading Up 4.8%

NYSE WFG opened at $75.9040 on Monday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -43.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.61 and a current ratio of 2.89. West Fraser Timber Co. Ltd. has a one year low of $68.63 and a one year high of $102.40. The company’s 50 day moving average price is $73.58 and its 200 day moving average price is $75.18.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.74). West Fraser Timber had a negative return on equity of 0.85% and a negative net margin of 2.18%.The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, sell-side analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Thursday, June 26th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, June 26th. West Fraser Timber’s dividend payout ratio is currently -73.14%.

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.