Signaturefd LLC Boosts Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Signaturefd LLC increased its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078 shares of the company’s stock after acquiring an additional 198 shares during the quarter. Signaturefd LLC’s holdings in West Fraser Timber were worth $93,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WFG. FMR LLC increased its position in shares of West Fraser Timber by 22.5% during the third quarter. FMR LLC now owns 1,447,823 shares of the company’s stock worth $141,047,000 after purchasing an additional 266,298 shares in the last quarter. Cerity Partners LLC grew its stake in West Fraser Timber by 128.0% during the 3rd quarter. Cerity Partners LLC now owns 247,400 shares of the company’s stock worth $24,087,000 after buying an additional 138,871 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in West Fraser Timber by 60.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,247 shares of the company’s stock worth $27,453,000 after buying an additional 119,841 shares during the period. Manning & Napier Advisors LLC lifted its stake in 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 during the last quarter. Finally, Alberta Investment Management Corp boosted its holdings 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 acquiring an additional 108,670 shares during the period. 40.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WFG has been the topic of a number of recent research reports. TD Securities cut their target price on shares of West Fraser Timber from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Scotiabank dropped their price objective on shares of 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. 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 note on Thursday, February 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $106.00.

West Fraser Timber Stock Performance

Shares of West Fraser Timber stock opened at $76.26 on Monday. West Fraser Timber Co. Ltd. has a one year low of $73.91 and a one year high of $102.40. The company has a market cap of $6.08 billion, a P/E ratio of -363.12 and a beta of 1.23. The firm has a fifty day moving average of $82.44 and a two-hundred day moving average of $89.15.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th will be issued a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.68%. West Fraser Timber’s dividend 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.