Charles Schwab Investment Management Inc. Raises Position in West Fraser Timber Co. Ltd. $WFG

Charles Schwab Investment Management Inc. increased its holdings in West Fraser Timber Co. Ltd. (NYSE:WFG) by 0.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 303,864 shares of the company’s stock after buying an additional 192 shares during the period. Charles Schwab Investment Management Inc. owned 0.39% of West Fraser Timber worth $23,336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WFG. LPL Financial LLC boosted its holdings in West Fraser Timber by 46.6% in the 4th quarter. LPL Financial LLC now owns 6,642 shares of the company’s stock worth $575,000 after buying an additional 2,111 shares during the period. Envestnet Asset Management Inc. boosted its holdings in West Fraser Timber by 8.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 24,589 shares of the company’s stock worth $2,129,000 after buying an additional 1,969 shares during the period. Raymond James Financial Inc. bought a new position in West Fraser Timber in the 4th quarter worth approximately $487,000. Dimensional Fund Advisors LP boosted its holdings in West Fraser Timber by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 138,435 shares of the company’s stock worth $11,982,000 after buying an additional 14,189 shares during the period. Finally, Natixis boosted its holdings in West Fraser Timber by 61.8% in the 4th quarter. Natixis now owns 1,605 shares of the company’s stock worth $139,000 after buying an additional 613 shares during the period. 40.23% of the stock is owned by institutional investors.

West Fraser Timber Stock Performance

West Fraser Timber stock opened at $72.48 on Friday. The firm’s fifty day moving average price is $73.59 and its 200-day moving average price is $75.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.61 and a current ratio of 2.89. The stock has a market cap of $5.56 billion, a P/E ratio of -41.42 and a beta of 1.15. West Fraser Timber Co. Ltd. has a fifty-two week low of $68.63 and a fifty-two week high of $102.40.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.74). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.61 billion. West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.85%. On average, equities research analysts expect that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 14th. Stockholders of record on Thursday, June 26th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. West Fraser Timber’s dividend payout ratio (DPR) is -73.14%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of West Fraser Timber from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Raymond James Financial reissued a “market perform” rating on shares of West Fraser Timber in a report on Monday, July 21st. Finally, TD Securities cut their price target on shares of West Fraser Timber from $98.00 to $96.00 and set a “buy” rating for the company in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.00.

West Fraser Timber Company 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.