West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Purchased by Robotti Robert

Robotti Robert lifted its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,652 shares of the company’s stock after purchasing an additional 390 shares during the quarter. West Fraser Timber accounts for 5.0% of Robotti Robert’s investment portfolio, making the stock its 5th largest holding. Robotti Robert owned 0.43% of West Fraser Timber worth $28,574,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in West Fraser Timber during the 4th quarter valued at about $39,000. Signaturefd LLC boosted its position in shares of West Fraser Timber by 22.5% during the fourth quarter. Signaturefd LLC now owns 1,078 shares of the company’s stock valued at $93,000 after buying an additional 198 shares during the last quarter. D.B. Root & Company LLC boosted its position in shares of West Fraser Timber by 24.0% during the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company’s stock valued at $246,000 after buying an additional 549 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in West Fraser Timber by 4.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company’s stock worth $250,000 after buying an additional 120 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in West Fraser Timber in the 3rd quarter valued at $258,000. 40.23% of the stock is currently owned by institutional investors.

West Fraser Timber Price Performance

NYSE WFG opened at $76.83 on Thursday. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of -365.84 and a beta of 1.23. The business’s fifty day moving average is $81.89 and its 200-day moving average is $88.93. West Fraser Timber Co. Ltd. has a one year low of $73.91 and a one year high of $102.40.

West Fraser Timber (NYSE:WFG) last released its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Research analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

West Fraser Timber Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, March 14th. West Fraser Timber’s dividend payout ratio is currently -609.52%.

Analyst Upgrades and Downgrades

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

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.