West Fraser Timber Co. Ltd. (NYSE:WFG – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $67.31 and traded as low as $65.76. West Fraser Timber shares last traded at $67.09, with a volume of 225,876 shares trading hands.
Wall Street Analyst Weigh In
WFG has been the topic of a number of recent research reports. TD Securities reiterated a “buy” rating on shares of West Fraser Timber in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of West Fraser Timber in a research report on Thursday. Raymond James Financial lowered their target price on West Fraser Timber from $85.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday. Royal Bank Of Canada cut their target price on West Fraser Timber from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, Cantor Fitzgerald upgraded West Fraser Timber to a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.80.
View Our Latest Research Report on WFG
West Fraser Timber Stock Performance
The company has a debt-to-equity ratio of 0.05, a current ratio of 2.06 and a quick ratio of 0.83. The company has a fifty day moving average price of $68.32 and a 200 day moving average price of $67.31. The stock has a market cap of $5.25 billion, a P/E ratio of -4.85 and a beta of 1.06.
West Fraser Timber (NYSE:WFG – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.84) by ($0.19). The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.42 billion. West Fraser Timber had a negative net margin of 20.39% and a negative return on equity of 9.10%. On average, equities analysts expect that West Fraser Timber Co. Ltd. will post -4.83 EPS for the current year.
West Fraser Timber Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, October 19th. Investors of record on Tuesday, September 29th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.28 annualized dividend and a yield of 1.9%. West Fraser Timber’s dividend payout ratio is -9.25%.
Institutional Trading of West Fraser Timber
Several institutional investors have recently made changes to their positions in WFG. Wellington Management Group LLP bought a new position in shares of West Fraser Timber in the second quarter valued at approximately $21,429,000. Bank of America Corp DE purchased a new stake in shares of West Fraser Timber during the second quarter valued at approximately $5,533,000. Robotti Robert purchased a new stake in shares of West Fraser Timber during the second quarter valued at approximately $20,021,000. Legal & General Group Plc bought a new stake in West Fraser Timber during the second quarter worth $4,936,000. Finally, SailingStone Capital Partners LLC lifted its holdings in West Fraser Timber by 57.8% during the second quarter. SailingStone Capital Partners LLC now owns 412,177 shares of the company’s stock worth $27,900,000 after acquiring an additional 150,978 shares during the period. Institutional investors own 40.23% of the company’s stock.
West Fraser Timber Company Profile
West Fraser Timber Co Ltd. is a diversified wood products company that manufactures and sells building materials for residential, commercial and industrial applications. Its principal products include lumber, oriented strand board, laminated veneer lumber and other engineered wood products used in construction, remodeling and manufacturing.
The company operates wood product manufacturing facilities and manages timber resources across Canada and the United States, with a significant presence in Western Canada and the U.S.
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