Envestnet Asset Management Inc. Has $3.84 Million Stock Holdings in West Fraser Timber Co. Ltd. $WFG

Envestnet Asset Management Inc. increased its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 77.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,435 shares of the company’s stock after buying an additional 24,672 shares during the period. Envestnet Asset Management Inc. owned 0.07% of West Fraser Timber worth $3,837,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WFG. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of West Fraser Timber by 5.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock worth $263,000 after acquiring an additional 200 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in West Fraser Timber by 75.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock worth $38,000 after purchasing an additional 238 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in West Fraser Timber by 1.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,427 shares of the company’s stock worth $1,424,000 after purchasing an additional 240 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its stake in West Fraser Timber by 9.1% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 4,009 shares of the company’s stock valued at $294,000 after purchasing an additional 336 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in West Fraser Timber by 2.1% in the 2nd quarter. Baird Financial Group Inc. now owns 23,919 shares of the company’s stock valued at $1,753,000 after buying an additional 500 shares in the last quarter. 40.23% of the stock is owned by institutional investors.

West Fraser Timber Trading Up 0.1%

Shares of West Fraser Timber stock opened at $65.84 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 2.13 and a debt-to-equity ratio of 0.05. West Fraser Timber Co. Ltd. has a 12-month low of $57.34 and a 12-month high of $80.73. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of -5.41 and a beta of 1.12. The firm’s 50-day moving average price is $67.51 and its two-hundred day moving average price is $67.09.

West Fraser Timber (NYSE:WFG) last issued its quarterly earnings results on Wednesday, February 11th. The company reported ($2.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.71) by $0.29. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. West Fraser Timber had a negative net margin of 17.15% and a negative return on equity of 5.69%. On average, analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, March 13th. This represents a $1.28 annualized dividend and a yield of 1.9%. West Fraser Timber’s dividend payout ratio is presently -10.51%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WFG. Royal Bank Of Canada lowered their price objective on West Fraser Timber from $91.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, December 18th. Zacks Research lowered shares of West Fraser Timber from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Raymond James Financial upgraded shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating and set a $75.00 price objective for the company in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce lowered shares of West Fraser Timber from an “outperform” rating to a “neutral” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of West Fraser Timber in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $82.67.

About West Fraser Timber

West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.

Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.