Aigen Investment Management LP Buys Shares of 9,628 West Fraser Timber Co. Ltd. (NYSE:WFG)

Aigen Investment Management LP bought a new stake in West Fraser Timber Co. Ltd. (NYSE:WFG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,628 shares of the company’s stock, valued at approximately $834,000.

A number of other large investors have also made changes to their positions in the stock. Atria Wealth Solutions Inc. boosted its stake in shares of West Fraser Timber by 4.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company’s stock valued at $250,000 after acquiring an additional 120 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of West Fraser Timber by 3.5% during the third quarter. Moors & Cabot Inc. now owns 4,420 shares of the company’s stock valued at $430,000 after acquiring an additional 150 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of West Fraser Timber by 1.9% during the fourth quarter. Principal Financial Group Inc. now owns 12,202 shares of the company’s stock valued at $1,057,000 after acquiring an additional 228 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of West Fraser Timber by 0.4% during the third quarter. CIBC Asset Management Inc now owns 71,471 shares of the company’s stock valued at $6,966,000 after acquiring an additional 311 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of West Fraser Timber during the fourth quarter valued at $39,000. Institutional investors and hedge funds own 40.23% of the company’s stock.

Analyst Ratings Changes

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

West Fraser Timber Trading Up 2.7 %

Shares of NYSE:WFG opened at $77.96 on Thursday. The stock’s 50-day moving average price is $84.76 and its two-hundred day moving average price is $90.03. West Fraser Timber Co. Ltd. has a 12-month low of $73.91 and a 12-month high of $102.40. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of -371.24 and a beta of 1.23.

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

West Fraser Timber Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.64%. West Fraser Timber’s payout ratio is currently -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.