West Fraser Timber Co. Ltd. (NYSE:WFG) Stake Trimmed by Versor Investments LP

Versor Investments LP lessened its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,798 shares of the company’s stock after selling 905 shares during the period. Versor Investments LP’s holdings in West Fraser Timber were worth $589,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WFG. Kestra Investment Management LLC purchased a new stake in shares of West Fraser Timber in the 4th quarter valued at approximately $39,000. US Bancorp DE raised its stake in West Fraser Timber by 82.9% during 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. D.B. Root & Company LLC acquired a new stake in West Fraser Timber during the 3rd quarter valued at $223,000. Quantinno Capital Management LP purchased a new stake in shares of West Fraser Timber in the third quarter valued at $258,000. Finally, Atria Wealth Solutions Inc. boosted its position in shares of West Fraser Timber by 4.3% in 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 during the period. 40.23% of the stock is owned by hedge funds and other institutional investors.

West Fraser Timber Price Performance

Shares of NYSE WFG opened at $79.46 on Friday. West Fraser Timber Co. Ltd. has a one year low of $73.91 and a one year high of $102.40. The business’s 50-day moving average price is $85.40 and its two-hundred day moving average price is $90.21. The company has a market capitalization of $6.15 billion, a P/E ratio of -378.37 and a beta of 1.22.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating 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%. On average, equities analysts anticipate that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be issued 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 yield of 1.61%. West Fraser Timber’s dividend payout ratio (DPR) is currently -609.52%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WFG. Scotiabank dropped their price target on West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, February 18th. TD Securities dropped their target price on 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, Raymond James decreased their price target on shares of West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $106.00.

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.