Inspire Advisors LLC Buys 244 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Inspire Advisors LLC lifted its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG) by 5.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,491 shares of the company’s stock after buying an additional 244 shares during the quarter. Inspire Advisors LLC’s holdings in West Fraser Timber were worth $389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WFG. US Bancorp DE grew its position in shares of West Fraser Timber by 82.9% in the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company’s stock valued at $125,000 after purchasing an additional 582 shares during the period. Principal Financial Group Inc. grew its position in shares of West Fraser Timber by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 11,974 shares of the company’s stock valued at $1,168,000 after purchasing an additional 1,323 shares during the period. Metis Global Partners LLC grew its position in shares of West Fraser Timber by 37.2% in the 3rd quarter. Metis Global Partners LLC now owns 20,978 shares of the company’s stock valued at $2,044,000 after purchasing an additional 5,686 shares during the period. CIBC Asset Management Inc grew its position in shares of West Fraser Timber by 0.4% in the 3rd quarter. CIBC Asset Management Inc now owns 71,471 shares of the company’s stock valued at $6,966,000 after purchasing an additional 311 shares during the period. Finally, Chesapeake Capital Corp IL bought a new stake in West Fraser Timber in the 3rd quarter valued at approximately $587,000. 40.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on WFG. Scotiabank cut their target price 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. TD Securities cut their target price 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, Raymond James cut their target price 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $106.00.

West Fraser Timber Stock Down 0.8 %

NYSE:WFG opened at $75.64 on Thursday. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -360.20 and a beta of 1.23. West Fraser Timber Co. Ltd. has a twelve month low of $73.91 and a twelve month high of $102.40. The stock’s 50 day moving average price is $83.80 and its two-hundred day moving average price is $89.69.

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

West Fraser Timber Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, March 14th. West Fraser Timber’s dividend payout ratio (DPR) is -609.52%.

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.