Sumitomo Mitsui Trust Holdings Inc. Sells 2,974 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,195 shares of the company’s stock after selling 2,974 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in West Fraser Timber were worth $9,716,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in shares of West Fraser Timber by 2,668.4% during the 4th quarter. Cerity Partners LLC now owns 108,298 shares of the company’s stock worth $9,268,000 after acquiring an additional 104,386 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of West Fraser Timber during the 4th quarter worth $9,558,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of West Fraser Timber by 21.3% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 49,200 shares of the company’s stock worth $4,230,000 after acquiring an additional 8,630 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of West Fraser Timber by 13.3% during the 4th quarter. AustralianSuper Pty Ltd now owns 73,729 shares of the company’s stock worth $6,308,000 after acquiring an additional 8,640 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of West Fraser Timber by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,785,571 shares of the company’s stock worth $202,065,000 after acquiring an additional 39,929 shares during the last quarter. 40.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $97.00 price objective on shares of West Fraser Timber in a report on Thursday, March 28th. TD Securities lifted their price objective on shares of West Fraser Timber from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Scotiabank set a $100.00 target price on shares of West Fraser Timber and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Raymond James lifted their target price 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 investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $106.25.

West Fraser Timber Price Performance

Shares of NYSE:WFG opened at $78.60 on Wednesday. The stock has a market cap of $6.24 billion, a PE ratio of -36.56 and a beta of 1.15. The company’s fifty day moving average is $81.46 and its 200 day moving average is $78.70. West Fraser Timber Co. Ltd. has a 52 week low of $64.11 and a 52 week high of $90.17. The company has a quick ratio of 1.45, a current ratio of 2.26 and a debt-to-equity ratio of 0.03.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings data 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. West Fraser Timber had a negative net margin of 2.59% and a positive return on equity of 1.29%. The firm had revenue of $1.51 billion for the quarter. Research analysts anticipate that West Fraser Timber Co. Ltd. will post 4.1 earnings per share for the current year.

West Fraser Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Friday, March 15th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, March 14th. West Fraser Timber’s payout ratio is -27.91%.

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.