Smead Capital Management Inc. lowered its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG – Free Report) by 54.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,678 shares of the company’s stock after selling 65,700 shares during the quarter. Smead Capital Management Inc. owned 0.07% of West Fraser Timber worth $3,345,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of West Fraser Timber by 5.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock worth $263,000 after buying an additional 200 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of 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 buying an additional 238 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of West Fraser Timber by 2.1% during the 2nd quarter. Baird Financial Group Inc. now owns 23,919 shares of the company’s stock worth $1,753,000 after buying an additional 500 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of West Fraser Timber by 212.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 780 shares of the company’s stock worth $52,000 after buying an additional 530 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of West Fraser Timber by 9.0% during the 2nd quarter. Cetera Investment Advisers now owns 7,800 shares of the company’s stock worth $571,000 after buying an additional 641 shares in the last quarter. Institutional investors own 40.23% of the company’s stock.
West Fraser Timber Trading Up 0.6%
NYSE:WFG opened at $62.25 on Friday. The company has a current ratio of 1.84, a quick ratio of 0.66 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.73 billion, a PE ratio of -4.14 and a beta of 0.97. The firm’s 50 day moving average is $63.53 and its 200 day moving average is $64.30. West Fraser Timber Co. Ltd. has a 12 month low of $57.34 and a 12 month high of $78.55.
Wall Street Analysts Forecast Growth
Several research firms have commented on WFG. Raymond James Financial cut shares of West Fraser Timber from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $85.00 to $75.00 in a research report on Thursday, April 23rd. Zacks Research raised shares of West Fraser Timber from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 24th. TD Securities reissued a “buy” rating and set a $86.00 target price on shares of West Fraser Timber in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (d)” rating on shares of West Fraser Timber in a research report on Monday, April 20th. Finally, Royal Bank Of Canada dropped their target price on shares of West Fraser Timber from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $82.60.
View Our Latest Stock Analysis 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.
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