Raymond James Financial Services Advisors Inc. Has $653,000 Stock Position in West Fraser Timber Co. Ltd. (NYSE:WFG)

Raymond James Financial Services Advisors Inc. decreased its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 13.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,635 shares of the company’s stock after selling 1,136 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in West Fraser Timber were worth $653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WFG. AustralianSuper Pty Ltd boosted its stake in West Fraser Timber by 13.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 73,729 shares of the company’s stock worth $6,308,000 after purchasing an additional 8,640 shares during the period. Vanguard Group Inc. boosted its stake in West Fraser Timber by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,785,571 shares of the company’s stock worth $202,065,000 after purchasing an additional 39,929 shares during the period. Hudson Bay Capital Management LP boosted its stake in West Fraser Timber by 47.6% in the 3rd quarter. Hudson Bay Capital Management LP now owns 155,000 shares of the company’s stock worth $11,244,000 after purchasing an additional 50,000 shares during the period. American Century Companies Inc. boosted its stake in West Fraser Timber by 46.6% in the 3rd quarter. American Century Companies Inc. now owns 120,989 shares of the company’s stock worth $8,784,000 after purchasing an additional 38,445 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in West Fraser Timber by 2.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 129,979 shares of the company’s stock worth $9,480,000 after purchasing an additional 2,839 shares during the period. Institutional investors and hedge funds own 40.23% of the company’s stock.

Wall Street Analysts Forecast Growth

WFG has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $97.00 target price on shares of West Fraser Timber in a research note on Thursday, March 28th. TD Securities boosted their price target on shares of West Fraser Timber from $115.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank set a $100.00 price target on shares of West Fraser Timber and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Raymond James boosted their price target on shares of West Fraser Timber from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 6th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, West Fraser Timber has an average rating of “Buy” and an average target price of $106.25.

West Fraser Timber Stock Up 0.1 %

Shares of WFG stock opened at $78.00 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.45 and a current ratio of 2.26. The firm’s 50-day moving average is $81.43 and its 200-day moving average is $78.39. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of -36.28 and a beta of 1.15. West Fraser Timber Co. Ltd. has a 52-week low of $64.11 and a 52-week high of $90.17.

West Fraser Timber (NYSE:WFG) last issued its earnings results on Wednesday, February 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.05. The company had revenue of $1.51 billion for the quarter. West Fraser Timber had a negative net margin of 2.59% and a positive return on equity of 1.29%. Sell-side analysts predict that West Fraser Timber Co. Ltd. will post 4.1 EPS for the current year.

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 1.54%. West Fraser Timber’s dividend payout ratio is currently -27.91%.

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.