FY2025 Earnings Forecast for WFG Issued By Raymond James

West Fraser Timber Co. Ltd. (NYSE:WFG) – Stock analysts at Raymond James decreased their FY2025 EPS estimates for shares of West Fraser Timber in a research report issued to clients and investors on Monday, February 3rd. Raymond James analyst D. Swetlishoff now expects that the company will post earnings per share of $4.82 for the year, down from their previous forecast of $5.08. The consensus estimate for West Fraser Timber’s current full-year earnings is $1.59 per share.

Other analysts also recently issued reports about the stock. Scotiabank dropped their price objective on shares of West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating for the company in a report on Monday. BMO Capital Markets lifted their price objective on shares of West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $111.40.

West Fraser Timber Price Performance

Shares of NYSE:WFG opened at $84.55 on Wednesday. The firm has a fifty day moving average price of $89.36 and a two-hundred day moving average price of $90.70. West Fraser Timber has a one year low of $73.91 and a one year high of $102.40.

West Fraser Timber Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, December 27th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 27th. This is an increase from West Fraser Timber’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 1.51%. West Fraser Timber’s payout ratio is currently -100.00%.

Hedge Funds Weigh In On West Fraser Timber

A number of hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of West Fraser Timber by 22.3% during the fourth quarter. Bank of New York Mellon Corp now owns 59,526 shares of the company’s stock valued at $5,152,000 after buying an additional 10,841 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of West Fraser Timber during the fourth quarter valued at about $1,040,000. Alberta Investment Management Corp increased its position in shares of West Fraser Timber by 58.7% during the fourth quarter. Alberta Investment Management Corp now owns 293,903 shares of the company’s stock valued at $25,452,000 after buying an additional 108,670 shares during the period. Kestra Investment Management LLC purchased a new position in shares of West Fraser Timber during the fourth quarter valued at about $39,000. Finally, Atria Wealth Solutions Inc. increased its position 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 buying an additional 120 shares during the period. Hedge funds and other institutional investors own 40.23% of the company’s stock.

About West Fraser Timber

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.