Pictet Asset Management Holding SA boosted its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG – Free Report) by 2.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 867,974 shares of the company’s stock after buying an additional 21,224 shares during the quarter. Pictet Asset Management Holding SA’s holdings in West Fraser Timber were worth $56,511,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in WFG. EFG International AG acquired a new stake in shares of West Fraser Timber in the fourth quarter valued at about $31,000. Jain Global LLC acquired a new position in shares of West Fraser Timber in the third quarter worth approximately $224,000. Park Avenue Securities LLC acquired a new position in shares of West Fraser Timber in the fourth quarter worth approximately $229,000. Sei Investments Co. boosted its holdings in West Fraser Timber by 29.8% in the second quarter. Sei Investments Co. now owns 3,975 shares of the company’s stock valued at $291,000 after acquiring an additional 912 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in West Fraser Timber in the third quarter valued at approximately $303,000. Institutional investors own 40.23% of the company’s stock.
West Fraser Timber Price Performance
West Fraser Timber stock opened at $67.73 on Tuesday. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of -4.50 and a beta of 0.99. West Fraser Timber Co. Ltd. has a 52-week low of $57.34 and a 52-week high of $78.55. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 1.84. The stock’s 50 day moving average price is $65.34 and its two-hundred day moving average price is $65.76.
West Fraser Timber Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 13th. Shareholders of record on Thursday, June 25th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 25th. West Fraser Timber’s payout ratio is -8.51%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on WFG shares. Raymond James Financial lowered shares of West Fraser Timber from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $85.00 to $75.00 in a report on Thursday, April 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of West Fraser Timber in a research note on Monday, April 20th. TD Securities restated a “buy” rating and issued a $86.00 target price on shares of West Fraser Timber in a report on Friday, May 1st. Fraser Mackenzie cut their price target on shares of West Fraser Timber from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, TD Cowen decreased their price target on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $82.60.
Check Out Our Latest Report on WFG
West Fraser Timber Company Profile
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.
Read More
- Five stocks we like better than West Fraser Timber
- The AI Boom Has a Second Act—And It’s Playing Out in Optics
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
- Is OpenAI’s IPO Delay a Warning for AI Investors?
Want to see what other hedge funds are holding WFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Fraser Timber Co. Ltd. (NYSE:WFG – Free Report).
Receive News & Ratings for West Fraser Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber and related companies with MarketBeat.com's FREE daily email newsletter.
