Tacita Capital Inc Invests $412,000 in West Fraser Timber Co. Ltd. (NYSE:WFG)

Tacita Capital Inc purchased a new position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) in the 4th quarter, Holdings Channel reports. The fund purchased 4,766 shares of the company’s stock, valued at approximately $412,000.

Several other institutional investors have also modified their holdings of WFG. Creative Planning grew its position in shares of West Fraser Timber by 69.8% during the third quarter. Creative Planning now owns 7,059 shares of the company’s stock worth $687,000 after acquiring an additional 2,901 shares during the last quarter. US Bancorp DE grew its position in shares of West Fraser Timber by 82.9% during the third quarter. US Bancorp DE now owns 1,284 shares of the company’s stock worth $125,000 after acquiring an additional 582 shares during the last quarter. Van ECK Associates Corp grew its position in shares of West Fraser Timber by 4,057.8% during the third quarter. Van ECK Associates Corp now owns 193,752 shares of the company’s stock worth $18,321,000 after acquiring an additional 189,092 shares during the last quarter. D.B. Root & Company LLC bought a new position in shares of West Fraser Timber during the third quarter worth about $223,000. Finally, Principal Financial Group Inc. grew its position in shares of West Fraser Timber by 12.4% during the third quarter. Principal Financial Group Inc. now owns 11,974 shares of the company’s stock worth $1,168,000 after acquiring an additional 1,323 shares during the last quarter. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Stock Down 3.9 %

Shares of WFG opened at $76.45 on Tuesday. West Fraser Timber Co. Ltd. has a 52-week low of $73.91 and a 52-week high of $102.40. The firm has a 50-day moving average price of $85.19 and a 200 day moving average price of $90.18. The firm has a market capitalization of $5.91 billion, a PE ratio of -364.05 and a beta of 1.22.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.55) by $0.63. West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. On average, equities analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Announces Dividend

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 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 1.67%. West Fraser Timber’s dividend payout ratio (DPR) is -609.52%.

Wall Street Analyst Weigh In

WFG has been the subject of several recent research reports. TD Securities lowered their price target on shares of 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. Scotiabank decreased 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. Finally, Raymond James decreased their target price on shares of 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $106.00.

West Fraser Timber Company 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.